Welcome to our dedicated page for Adams Natural Resources Fund news (Ticker: PEO), a resource for investors and traders seeking the latest updates and insights on Adams Natural Resources Fund stock.
Adams Natural Resources Fund, Inc. (NYSE: PEO) is a closed-end equity investment company with a rich history dating back to 1929. Specializing in energy and natural resources stocks, PEO aims to preserve capital, generate reasonable income from investments, and provide opportunities for capital appreciation. The Fund is part of Adams Funds, which also includes Adams Diversified Equity Fund, Inc. (NYSE: ADX).
Adams Natural Resources Fund is managed by an experienced team that employs a disciplined approach to identify investment opportunities and manage risk prudently. The Fund's portfolio is diversified across several sectors, predominantly focusing on energy and basic materials. As of the latest reports, the Fund has delivered impressive returns. For the twelve months ended September 30th, the total return on its net asset value (NAV), including dividends and capital gains reinvested, was 29.3%, outperforming its benchmark's return of 28.2%.
An essential feature of Adams Natural Resources Fund is its commitment to consistent income for its investors. The Fund has paid dividends and capital gains distributions for over 85 years, maintaining an annual distribution rate of at least 6%. In 2023, the Fund announced an annual distribution rate of 6.2%, emphasizing its dedication to providing dependable income regardless of market conditions.
Recent developments include the introduction of an 8% annual rate managed distribution policy, starting from the third quarter of 2024. This policy aims to provide regular and predictable distributions, enhancing the value proposition for shareholders. The distributions will be based on the Fund's average NAV, with a minimum of 2% distributed each quarter.
PEO's performance and policies underscore its long-term commitment to its shareholders. The Fund has consistently helped generations of investors achieve their financial goals through disciplined management and stable distributions. Shares of Adams Natural Resources Fund can be purchased through brokers or the Fund’s transfer agent.
About Adams Funds
Since 1929, Adams Funds has been dedicated to helping investors reach their goals. Adams Funds manages two closed-end funds, ADX and PEO, with a focus on disciplined investment strategies and reliable income for shareholders. For more information, please visit the official website or contact the Fund directly.
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.
Adams Natural Resources Fund, Inc. (NYSE: PEO) has announced a year-end distribution of $0.61 per share, raising total distributions for 2021 to $0.91. This distribution reflects a 6.3% annual distribution rate. The year-end payout includes $0.29 from net investment income and $0.32 from realized capital gains. This achievement marks the 70th consecutive year of capital gains payouts and 87th consecutive year of dividend payments. The distribution is payable on December 17, 2021, with an ex-dividend date of November 19, 2021.
Adams Diversified Equity Fund (NYSE: ADX) reported a 14.9% total return on its net asset value for the nine months ended September 30, 2021. In comparison, the S&P 500 and Lipper Large-Cap Core Funds Average achieved returns of 15.9% and 14.9%, respectively. Over the twelve-month period, the fund delivered a 28.2% return, while the S&P 500 and Lipper indices had 30.0% and 28.6% returns. As of September 30, 2021, net assets amounted to $2.54 billion with a net asset value per share of $22.86. The Fund aims for an annual distribution rate of 6%.
Adams Natural Resources Fund, Inc. (NYSE: PEO) reported a total return of 33.8% on net asset value for the nine months ended September 30, 2021, outperforming its benchmark's 33.4%. The market price return was 40.8%. For the twelve-month period, total return was 64.8%, slightly ahead of the benchmark's 64.5%, with a market price return of 69.6%. The fund's net assets increased to $434.8 million from $275.8 million year-over-year, and the net asset value per share rose to $18.05 from $11.58.
The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a distribution of $0.10 per share, payable on September 1, 2021, to shareholders of record on August 18, 2021. This marks the third payment in line with the Fund's 6% minimum distribution rate commitment for the year. For the first half of 2021, the Fund's total return on net asset value reached 36.3%, matching its benchmark. The Fund's net assets rose to $445.8 million as of June 30, 2021, with a net asset value per share of $18.51.
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) declared a distribution of $.05 per share from net investment income, payable on September 1, 2021, to shareholders of record on August 18, 2021. This marks the third payment for the Fund's 6% annual minimum distribution rate. For the first half of 2021, the total return on net asset value was 15.1%, slightly under the S&P 500's 15.3%. The Fund's net assets increased from $1.9 billion in 2020 to $2.5 billion in 2021, with shares outstanding rising to 111 million.
The Board of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) has elected Janis F. Kerns as Vice President, effective April 15, 2021. Kerns, who also serves as General Counsel, Corporate Secretary, and Chief Compliance Officer, brings over 20 years of legal and compliance experience in the investment management industry. CEO Mark Stoeckle praised her contributions to the Funds, which have a long history of stable dividend payments and are committed to a 6% annual distribution rate for investors.
The Adams Diversified Equity Fund (NYSE: ADX) announced a distribution of $.05 per share from net investment income, payable on June 1, 2021.
This marks the second distribution in 2021, aligned with the fund's 6% minimum annual distribution rate commitment. For Q1 2021, the fund's total return on net asset value was 5.8%, with the market price return at 5.9%. Over the past year, the net asset value return was 53.4%, while market price return stood at 53.9%.
Net assets reached $2.35 billion, and net asset value per share was $21.16.
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