Adams Diversified Equity Fund, Inc. to Issue Quarterly Dividend of $0.05 (NYSE:ADX)

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Investors of record on Friday, May 17th will be paid a dividend of 0.05 per share by the closed-end fund on Friday, May 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 16th.

Adams Diversified Equity Fund has decreased its dividend payment by an average of 3.6% per year over the last three years and has increased its dividend every year for the last 1 years.

Adams Diversified Equity Fund Trading Down 1.1 %

ADX stock traded down $0.20 during trading on Friday, reaching $18.40. 232,671 shares of the company’s stock were exchanged, compared to its average volume of 176,068. Adams Diversified Equity Fund has a 1-year low of $15.30 and a 1-year high of $19.60. The company’s fifty day moving average price is $19.10 and its 200-day moving average price is $17.91.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its position in Adams Diversified Equity Fund by 18.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,586 shares of the closed-end fund’s stock worth $524,000 after acquiring an additional 4,538 shares during the period. Royal Bank of Canada lifted its holdings in shares of Adams Diversified Equity Fund by 5.4% in the fourth quarter. Royal Bank of Canada now owns 365,808 shares of the closed-end fund’s stock valued at $6,478,000 after buying an additional 18,806 shares during the period. Pathstone Holdings LLC acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at $9,920,000. Envestnet Asset Management Inc. acquired a new stake in shares of Adams Diversified Equity Fund in the fourth quarter valued at $421,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Adams Diversified Equity Fund by 63.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 22,084 shares of the closed-end fund’s stock valued at $391,000 after buying an additional 8,546 shares during the period. Institutional investors and hedge funds own 28.41% of the company’s stock.

Adams Diversified Equity Fund Company Profile

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.