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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.

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The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) has declared a distribution of $0.05 per share, payable on September 1, 2022, to shareholders of record by August 18, 2022. This is the third payment of the Fund's annual minimum distribution rate of 6%. In the first half of 2022, the Fund reported a total return on net asset value of -19.7%, slightly better than the S&P 500's -20.0%. The total return on market price was -20.5%. As of June 30, 2022, net assets stood at approximately $2.12 billion, with a net asset value per share of $17.97.

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The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share from net investment income, payable on June 1, 2022. This marks the second payment towards the Fund’s 6% minimum distribution rate commitment for the year. For Q1 ended March 31, 2022, the total return on net asset value was 27.7%, slightly below the benchmark’s 28.3%. The Fund's net assets stood at $597,963,876, and the net asset value per share was $24.42, up from $16.94 a year earlier.

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The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) declared a distribution of $0.05 per share from net investment income, to be paid on June 1, 2022, for shareholders of record as of May 18, 2022. This is the second distribution in 2022, aimed at fulfilling a 6% minimum distribution rate commitment. For Q1 2022, ADX reported a total return on net asset value of -4.2%, outperforming both the S&P 500 and the Morningstar U.S. Large Blend category. The net assets increased to $2.53 billion from $2.35 billion a year ago, with a net asset value per share of $21.29.

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Adams Diversified Equity Fund (NYSE: ADX) reported a 29.8% return for 2021, surpassing its benchmark and outperforming peers by three percentage points. The Fund's total return on market price was 29.9%, with dividends and capital gains reinvested. Shareholders received $2.98 per share in dividends, resulting in a 15.7% annual distribution rate, exceeding the minimum 6.0% commitment. The Fund’s net assets rose to $2.65 billion from $2.23 billion the previous year, indicating strong growth.

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Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) have elected Jane Musser Nelson as an independent director, effective December 9, 2021. With over 30 years in investment management, Nelson's expertise includes roles at Cambridge Associates, Bain Capital, and ING Capital Advisors. She will enhance the Board's strengths as the Funds approach their 100th anniversary, aiming for continued growth and success. Since 1929, these Funds have consistently supported investors by paying dividends for over 80 years and maintaining a commitment to a 6% annual distribution rate.

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Adams Diversified Equity Fund (NYSE: ADX) announced a year-end distribution of $2.83 per share, totaling $2.98 for 2021, with an annual distribution rate of 15.7%. This includes $0.07 from net investment income and $2.76 from realized capital gains. The Fund marks its 57th consecutive year of capital gains payouts and 86th consecutive year of dividends. The distribution, payable on December 22, 2021, reflects a commitment to provide a minimum of 6% distributions against the Fund's trailing market price.

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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.

Adams Diversified Equity Fund, Inc

NYSE:ADX

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ADX Stock Data

2.28B
112.69M
6.82%
22.93%
0.62%
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