Adams Resources & Energy Inc (AE) Declares Dividend Increase – $0.24 Per Share

Adams Resources & Energy Inc (NYSEAMERICAN:AE) announced a quarterly dividend on Tuesday, May 14th, RTT News reports. Investors of record on Friday, June 7th will be paid a dividend of 0.24 per share by the energy company on Friday, June 21st. This represents a $0.96 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Adams Resources & Energy’s previous quarterly dividend of $0.22.

Shares of Adams Resources & Energy stock opened at $35.71 on Wednesday. Adams Resources & Energy has a 52-week low of $34.44 and a 52-week high of $49.51.

Adams Resources & Energy (NYSEAMERICAN:AE) last announced its quarterly earnings data on Friday, March 8th. The energy company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $442.65 million during the quarter.

An institutional investor recently raised its position in Adams Resources & Energy stock. Geode Capital Management LLC lifted its holdings in shares of Adams Resources & Energy Inc (NYSEAMERICAN:AE) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,934 shares of the energy company’s stock after purchasing an additional 1,745 shares during the quarter. Geode Capital Management LLC owned 0.59% of Adams Resources & Energy worth $965,000 at the end of the most recent quarter.

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Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, and storage of crude oil in the United States. The company operates in two segments, Crude Oil Marketing, Transportation and Storage; and Tank Truck Transportation of Liquid Chemicals and Dry Bulk.

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Dividend History for Adams Resources & Energy (NYSEAMERICAN:AE)

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