Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.74 and traded as high as $26.84. Adams Natural Resources Fund shares last traded at $26.6050, with a volume of 52,882 shares traded.
Adams Natural Resources Fund Price Performance
The firm’s 50-day simple moving average is $25.74 and its 200 day simple moving average is $25.91.
Adams Natural Resources Fund Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, July 27th will be issued a $0.54 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, July 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.1%.
Hedge Funds Weigh In On Adams Natural Resources Fund
Adams Natural Resources Fund Company Profile
Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.
The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.
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