Adams Diversified Equity Fund, Inc. (NYSE:ADX) to Issue Quarterly Dividend of $0.48

Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced a quarterly dividend on Thursday, April 16th. Investors of record on Monday, April 27th will be given a dividend of 0.48 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, April 27th. This is a 2.1% increase from Adams Diversified Equity Fund’s previous quarterly dividend of $0.47.

Adams Diversified Equity Fund Price Performance

NYSE:ADX traded up $0.17 during trading hours on Friday, hitting $23.96. 440,097 shares of the stock were exchanged, compared to its average volume of 299,400. The firm’s fifty day moving average price is $22.85 and its 200 day moving average price is $22.94. Adams Diversified Equity Fund has a 52-week low of $17.62 and a 52-week high of $24.14.

Institutional Trading of Adams Diversified Equity Fund

Several large investors have recently made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in Adams Diversified Equity Fund in the 3rd quarter valued at $28,000. Caldwell Trust Co acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $45,000. Bayban acquired a new stake in Adams Diversified Equity Fund during the 4th quarter worth $57,000. CWM LLC grew its holdings in shares of Adams Diversified Equity Fund by 27.3% during the third quarter. CWM LLC now owns 3,609 shares of the closed-end fund’s stock worth $80,000 after buying an additional 773 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Adams Diversified Equity Fund by 119.4% during the fourth quarter. IFP Advisors Inc now owns 4,339 shares of the closed-end fund’s stock worth $101,000 after buying an additional 2,361 shares in the last quarter. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund (NYSE:ADX) is a closed-end management investment company that has traded on the New York Stock Exchange since 1929. The fund seeks long-term growth of capital with current income by investing primarily in equity securities of U.S. companies. As one of the oldest continuously operating diversified equity funds, ADX offers investors access to a broad portfolio of common stocks representing various sectors of the U.S. economy.

The fund employs a research-driven, bottom-up investment approach, emphasizing individual company fundamentals such as earnings growth, balance-sheet strength and valuation.