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Adams Diversified Equity Fund, Inc - ADX STOCK NEWS

Welcome to our dedicated page for Adams Diversified Equity Fund news (Ticker: ADX), a resource for investors and traders seeking the latest updates and insights on Adams Diversified Equity Fund stock.

Adams Diversified Equity Fund, Inc. (NYSE: ADX) is a historically significant, internally-managed closed-end fund with a diversified equity portfolio. The Fund, part of Adams Funds established in 1929, aims for the preservation of capital, reasonable income from investments, and capital appreciation. ADX's portfolio spans across various sectors including Information Technology, Health Care, Financials, Consumer Discretionary, and more.

As of the latest update, ADX's top holdings included major companies such as Microsoft Corporation, Apple Inc., Amazon.com, Inc., and Alphabet Inc., reflecting its strong presence in the tech sector. The Fund's investment team utilizes a disciplined approach to identify opportunities while managing risk, leading to consistent outperformance over various market cycles. For instance, in 2023, ADX achieved a total return of 27.5% on its net asset value, surpassing benchmarks like the S&P 500.

ADX is committed to an annual minimum distribution rate of 8% of NAV, providing a reliable income stream for shareholders. This policy, upgraded from its previous 6% minimum, reflects the Fund's dedication to long-term value creation. Complementing this, ADX announced a tender offer for 10% of its outstanding shares at 98% of NAV to enhance liquidity for shareholders.

The Fund's leadership team, including CEO Jim Haynie, focuses on transparency, trust, and delivering competitive returns. With over 85 years of experience, Adams Funds continue to support investors in achieving their financial goals. For more information, visit adamsfunds.com.

News

William H. Reinhardt Elected Vice President – Research, Adams Diversified Equity Fund

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Adams Diversified Equity Fund (NYSE: ADX) announced the election of William H. Reinhardt as Vice President-Research. Mr. Reinhardt brings over eighteen years of experience in equity research, covering various sectors. His promotion reflects his knowledge, work ethic, and contribution to the team's success.
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Adams Diversified Equity Fund Declares Distribution and Announces First Quarter Performance

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Adams Diversified Equity Fund, Inc. declares a distribution of $.05 per share from net investment income, with a total return of 11.2% for the first quarter of 2024, outperforming the S&P 500 and Morningstar U.S. Large Blend category. The Fund's twelve-month total return stands at 32.6%, surpassing major benchmarks.
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Adams Diversified Equity Fund Announces 2023 Performance

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Adams Diversified Equity Fund, Inc. (ADX) announced a 27.5% total return on the Fund’s net asset value for 2023, outperforming the S&P 500 Index and Morningstar U.S. Large Blend Category. The Fund's market price total return was 31.2%. The CEO, Jim Haynie, expressed satisfaction with the 27.5% return and the 8.1% annual distribution rate, surpassing the 6% minimum distribution rate commitment.
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Adams Diversified Equity Fund Declares Distribution

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Adams Diversified Equity Fund, Inc. (ADX) announced a distribution of $0.05 per share, payable on March 1, 2024, to shareholders of record on February 9, 2024. The distribution consists of $0.03 net investment income and $0.01 long-term capital gain realized in 2023, along with $0.01 net investment income realized in 2024.
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Adams Diversified Equity Fund Announces $17.02 Issue Price of Shares for Year-End Distribution Payable December 20, 2023

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Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that $17.02 per share is the issue price for the closed-end fund’s year-end distribution to shareholders. The distribution consists of $0.02 in net investment income and $1.13 in net realized capital gains. The annual distribution rate exceeds the 6% commitment, providing reliable income to long-term investors. The Fund has paid out capital gains to its shareholders for 59 consecutive years and has paid dividends for 88 consecutive years.
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Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment

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Adams Diversified Equity Fund, Inc. (NYSE: ADX) has declared a year-end distribution of $1.15 per share, with a total distribution for 2023 of $1.30. The annual distribution rate represented by these distributions is 8.1%. The distribution consists of $0.02 per share from 2023 net investment income and $1.13 per share from net capital gains realized during 2023. The payable date for the distribution is December 20, 2023, with the record date being November 20, 2023, and the ex-dividend date being November 17, 2023.
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Adams Diversified Equity Fund Reports Nine Month Results

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Adams Diversified Equity Fund announces results for the nine months ended September 30th
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Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance

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Adams Diversified Equity Fund declares distribution of $.05 per share from net investment income. First half performance shows a total return of 15.8% on net asset value. Semi-Annual Report to Shareholders expected on July 27, 2023.
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Adams Natural Resources Fund Declares Distribution and Announces First Half Performance

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Adams Natural Resources Fund declares distribution of $.10 per share from net investment income. First half performance shows total return on net asset value of -3.1%. Annualized comparative returns for the Fund are 19.1% (NAV) and 15.2% (market price) for the twelve months ended June 30, 2023. The Fund's net asset value at June 30, 2023, was $24.81 per share. Exxon Mobil Corporation is the largest equity portfolio holding at 23.1%.
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Christine M. Sloan Elected Treasurer of Adams Diversified Equity Fund and Adams Natural Resources Fund

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FAQ

What is the current stock price of Adams Diversified Equity Fund (ADX)?

The current stock price of Adams Diversified Equity Fund (ADX) is $20.42 as of November 22, 2024.

What is the market cap of Adams Diversified Equity Fund (ADX)?

The market cap of Adams Diversified Equity Fund (ADX) is approximately 2.3B.

What is Adams Diversified Equity Fund, Inc. (ADX)?

ADX is an internally-managed closed-end fund with a diversified portfolio aiming for capital preservation, reasonable income, and capital appreciation.

What sectors does ADX invest in?

ADX's portfolio spans various sectors including Information Technology, Health Care, Financials, Consumer Discretionary, and more.

What is the annual distribution rate of ADX?

ADX is committed to an annual minimum distribution rate of 8% of its net asset value (NAV).

How did ADX perform in 2023?

In 2023, ADX achieved a total return of 27.5% on its net asset value, outperforming benchmarks like the S&P 500.

Who manages ADX?

ADX is managed by an experienced team led by CEO Jim Haynie, utilizing a disciplined investment approach to identify opportunities and manage risks.

What is the tender offer announced by ADX?

ADX announced a tender offer for 10% of its outstanding shares at 98% of NAV, providing liquidity for shareholders.

How long has Adams Diversified Equity Fund been in operation?

Adams Diversified Equity Fund has been in operation since 1929, marking over 85 years of consistent performance and dividend payments.

Can I purchase shares of ADX through a broker?

Yes, shares of ADX can be purchased through a broker or the Fund's transfer agent.

What are the top holdings in ADX's portfolio?

As of the latest update, top holdings include Microsoft Corporation, Apple Inc., Amazon.com, Inc., and Alphabet Inc.

Where can I find more information about ADX?

For more information about ADX, visit the Fund's website at adamsfunds.com.

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Adams Diversified Equity Fund, Inc

NYSE:ADX

ADX Rankings

#1901 Ranked by Market Cap
#6 Ranked by Dividends

ADX Stock Data

2.28B
112.69M
6.82%
22.93%
0.62%
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