Adams Diversified Equity Fund, Inc. (ADX) to Issue Quarterly Dividend of $1.96 on December 23rd

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 1.96 per share by the closed-end fund on Monday, December 23rd. This represents a $7.84 annualized dividend and a yield of 34.80%. The ex-dividend date is Friday, November 22nd.

Adams Diversified Equity Fund has raised its dividend by an average of 7.5% per year over the last three years.

Adams Diversified Equity Fund Trading Up 0.4 %

Shares of Adams Diversified Equity Fund stock opened at $22.53 on Wednesday. Adams Diversified Equity Fund has a twelve month low of $16.60 and a twelve month high of $22.63. The company has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $21.24.

Insider Buying and Selling at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the acquisition, the director now owns 4,982 shares in the company, valued at approximately $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.