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Adams Natural Resources Fund, Inc. (NYSE: PEO) recently declared a distribution of $.10 per share and announced impressive first-quarter performance results. The distribution represents the Fund's commitment to a 6% minimum distribution rate. For the three months ended March 31st, the total return on the Fund's net asset value was 13.1%, outperforming its benchmark of 12.7%. Over the twelve months ended March 31st, the total return on the Fund's net asset value was 19.3%, also surpassing its benchmark of 17.6%.
Adams Natural Resources Fund, Inc. (NYSE: PEO) ha recentemente dichiarato una distribuzione di $0,10 per azione ed ha annunciato risultati impressionanti per il primo trimestre. La distribuzione rappresenta l'impegno del Fondo per una distribuzione minima del 6%. Nei tre mesi conclusi il 31 marzo, il rendimento totale sul valore netto delle attività del Fondo è stato del 13,1%, superando il suo benchmark del 12,7%. Nei dodici mesi conclusi il 31 marzo, il rendimento totale sul valore netto delle attività del Fondo è stato del 19,3%, superando anche il suo benchmark del 17,6%.
Adams Natural Resources Fund, Inc. (NYSE: PEO) recientemente declaró una distribución de $0,10 por acción y anunció resultados impresionantes para el primer trimestre. La distribución representa el compromiso del Fondo de mantener una tasa de distribución mínima del 6%. En los tres meses finalizados el 31 de marzo, la rentabilidad total sobre el valor neto de los activos del Fondo fue del 13,1%, superando su índice de referencia del 12,7%. Durante los doce meses finalizados el 31 de marzo, la rentabilidad total sobre el valor neto de los activos del Fondo fue del 19,3%, también superando su índice de referencia del 17,6%.
Adams Natural Resources Fund, Inc. (NYSE: PEO)는 최근 주당 $0.10의 배당을 선언하고 인상적인 1분기 성과 결과를 발표했습니다. 이 배당금은 기금의 최소 6% 배당률 유지에 대한 약속을 나타냅니다. 3월 31일까지의 3개월 동안 기금의 순자산가치 수익률은 13.1%로, 그 기준치 12.7%를 초과했습니다. 3월 31일까지의 12개월 동안 기금의 순자산가치 수익률은 19.3%로, 역시 그 기준치 17.6%를 초과했습니다.
Adams Natural Resources Fund, Inc. (NYSE: PEO) a récemment déclaré une distribution de 0,10 $ par action et annoncé des résultats impressionnants pour le premier trimestre. La distribution représente l'engagement du Fonds à maintenir un taux de distribution minimum de 6%. Pour les trois mois se terminant le 31 mars, le retour total sur la valeur nette des actifs du Fonds était de 13,1%, dépassant son indice de référence de 12,7%. Sur les douze mois se terminant le 31 mars, le retour total sur la valeur nette des actifs du Fonds était de 19,3%, surpassant également son indice de référence de 17,6%.
Adams Natural Resources Fund, Inc. (NYSE: PEO) hat kürzlich eine Ausschüttung von 0,10 $ je Aktie erklärt und beeindruckende Ergebnisse für das erste Quartal bekannt gegeben. Die Ausschüttung repräsentiert das Engagement des Fonds für eine Mindestausschüttungsquote von 6%. Im Dreimonatszeitraum bis zum 31. März erzielte der Fonds eine Gesamtrendite auf den Nettoinventarwert von 13,1%, was seinen Benchmark von 12,7% übertraf. Über die zwölf Monate bis zum 31. März erreichte die Gesamtrendite auf den Nettoinventarwert des Fonds 19,3%, was ebenfalls seinen Benchmark von 17,6% überstieg.
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BALTIMORE, April 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income, payable May 31, 2024, to shareholders of record May 17, 2024. This distribution represents the second payment this year toward the Fund’s annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com.
FIRST QUARTER PERFORMANCE
For the three months ended March 31st, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 13.1%. This compares to a total return of 12.7% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (80% weight) and the S&P 500 Materials Sector (20% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 12.3%.
For the twelve months ended March 31st, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 19.3%. Comparable return for the Fund’s benchmark was 17.6%. The total return on the market price of the Fund’s shares for the period was 19.7%.
The First Quarter Report to Shareholders is expected to be available on or about April 24, 2024.
ANNUALIZED COMPARATIVE RETURNS (3/31/2024)
1 Year
3 Year
5 Year
Adams Natural Resources Fund (NAV)
19.3%
26.0%
13.9%
Adams Natural Resources Fund (market price)
19.7%
23.9%
13.7%
S&P 500 Energy Sector
17.7%
30.0%
12.9%
S&P 500 Materials Sector
17.6%
7.9%
13.3%
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at March 31, 2024, compared with the year earlier, was:
3/31/2024
3/31/2023
Net assets
$712,708,809
$627,152,193
Shares outstanding
25,506,011
25,082,799
Net asset value per share
$27.94
$25.00
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/2024)
% of Net Assets
Exxon Mobil Corporation
19.1%
Chevron Corporation
12.0%
ConocoPhillips
6.1%
Marathon Petroleum Corporation
4.7%
Linde plc
4.6%
EOG Resources, Inc.
4.0%
Pioneer Natural Resources Company
3.7%
Phillips 66
3.5%
Hess Corporation
3.0%
Schlumberger N.V.
2.9%
Total
63.6%
INDUSTRY WEIGHTINGS (3/31/2024)
% of Net Assets
Energy
80.3%
Integrated Oil & Gas
32.0%
Exploration & Production
24.9%
Refining & Marketing
10.3%
Storage & Transportation
7.2%
Equipment & Services
5.9%
Materials
19.2%
Chemicals
13.5%
Metals & Mining
3.1%
Construction Materials
1.7%
Containers & Packaging
0.9%
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 an annual distribution rate of 6% or more, providing reliable income to long-term investors. Shares can be purchased through our transfer agent or through a broker. 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 distribution was declared by Adams Natural Resources Fund, Inc. (PEO)?
Adams Natural Resources Fund, Inc. (PEO) declared a distribution of $.10 per share from net investment income.
When will the distribution be payable to shareholders of Adams Natural Resources Fund, Inc. (PEO)?
The distribution will be payable on May 31, 2024, to shareholders of record as of May 17, 2024.
What was the total return on Adams Natural Resources Fund's net asset value for the three months ended March 31st?
The total return on Adams Natural Resources Fund's net asset value for the three months ended March 31st was 13.1%.
What was the total return on the market price of Adams Natural Resources Fund's shares for the twelve months ended March 31st?
The total return on the market price of Adams Natural Resources Fund's shares for the twelve months ended March 31st was 19.7%.
