Adams Diversified Equity Fund, Inc. (NYSE:ADX) Plans Quarterly Dividend of $0.47

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Friday, January 17th,NASDAQ Dividends reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.47 per share by the closed-end fund on Friday, February 28th. This represents a $1.88 annualized dividend and a yield of 8.98%. The ex-dividend date of this dividend is Monday, January 27th.

Adams Diversified Equity Fund has decreased its dividend payment by an average of 5.7% annually over the last three years.

Adams Diversified Equity Fund Stock Up 1.1 %

Shares of ADX traded up $0.24 during trading hours on Friday, reaching $20.94. 644,638 shares of the company traded hands, compared to its average volume of 244,750. The stock has a fifty day simple moving average of $20.84 and a 200 day simple moving average of $21.22. Adams Diversified Equity Fund has a fifty-two week low of $17.50 and a fifty-two week high of $22.63.

Insiders Place Their Bets

In related news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares of the company’s stock, valued at approximately $1,094,482.44. This trade represents a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jane Musser Nelson acquired 1,155 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares in the company, valued at $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.