Adams Natural Resources Fund Declares Distribution and Announces First Half Performance
Adams Natural Resources Fund (NYSE: PEO) has declared a distribution of $0.54 per share, payable on August 30, 2024, to shareholders of record on August 5, 2024. This distribution is part of the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter.
For the first half of 2024, PEO reported a total return of 10.2% on its net asset value, outperforming its benchmark's 9.6% return. The Fund's market price total return was 15.5% for the same period. Over the 12 months ended June 30, 2024, PEO's net asset value total return was 16.5%, compared to the benchmark's 14.4%.
As of June 30, 2024, PEO's net assets were $689,986,546, with a net asset value per share of $27.11. The Fund's portfolio is heavily weighted towards the Energy sector (80.5%), with top holdings including Exxon Mobil, Chevron, and ConocoPhillips.
- None.
- None.
BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.54 per share, payable August 30, 2024, in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund’s Managed Distribution Policy to pay at least
FIRST HALF PERFORMANCE
For the six months ended June 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was
For the twelve months ended June 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was
The Semi-Annual Report to Shareholders is expected to be available on or about July 24, 2024.
ANNUALIZED COMPARATIVE RETURNS (6/30/2024) | |||
1 Year | 3 Year | 5 Year | |
Adams Natural Resources Fund (NAV) | |||
Adams Natural Resources Fund (market price) | |||
S&P 500 Energy Sector | |||
S&P 500 Materials Sector | |||
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at June 30, 2024, compared with the year earlier, was:
6/30/2024 | 6/30/2023 | |
Net assets | ||
Shares outstanding | 25,453,641 | 25,033,377 |
Net asset value per share | ||
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2024) | |
% of Net Assets | |
Exxon Mobil Corporation | |
Chevron Corporation | |
ConocoPhilips | |
Linde plc | |
Marathon Petroleum Corporation | |
EOG Resources, Inc. | |
Phillips 66 | |
Hess Corporation | |
Diamondback Energy, Inc. | |
Williams Companies, Inc. | |
Total | |
INDUSTRY WEIGHTINGS (6/30/2024) | |
% of Net Assets | |
Energy | |
Integrated Oil & Gas | |
Exploration & Production | |
Refining & Marketing | |
Storage & Transportation | |
Equipment & Services | |
Materials | |
Chemicals | |
Metals & Mining | |
Construction Materials | |
Containers & Packaging | |
About Adams Funds
Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 85 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of
For more information about Adams Funds, please visit: adamsfunds.com. For further information please contact: adamsfunds.com/about/contact or 800.638.2479
FAQ
What is the distribution amount declared by Adams Natural Resources Fund (PEO) for August 2024?
How did PEO's performance compare to its benchmark in the first half of 2024?
What was PEO's net asset value per share as of June 30, 2024?
What are the top three holdings in PEO's portfolio as of June 30, 2024?