Adams Diversified Equity Fund, Inc. (NYSE:ADX) Plans $0.05 Quarterly Dividend

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Investors of record on Friday, May 17th will be paid a dividend of 0.05 per share by the closed-end fund on Friday, May 31st. This represents a $0.20 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 16th.

Adams Diversified Equity Fund has decreased its dividend payment by an average of 3.6% per year over the last three years and has increased its dividend every year for the last 1 years.

Adams Diversified Equity Fund Stock Down 1.1 %

Shares of ADX stock opened at $18.40 on Friday. The stock has a fifty day moving average price of $19.09 and a 200 day moving average price of $17.92. Adams Diversified Equity Fund has a 1 year low of $15.30 and a 1 year high of $19.60.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in Adams Diversified Equity Fund by 1.4% during the first quarter. Lazard Asset Management LLC now owns 3,630,867 shares of the closed-end fund’s stock worth $66,953,000 after purchasing an additional 48,413 shares during the last quarter. Bank of America Corp DE raised its holdings in Adams Diversified Equity Fund by 22.6% during the fourth quarter. Bank of America Corp DE now owns 712,724 shares of the closed-end fund’s stock worth $10,363,000 after purchasing an additional 131,521 shares during the last quarter. Pathstone Holdings LLC acquired a new position in shares of Adams Diversified Equity Fund in the fourth quarter worth $9,920,000. Royal Bank of Canada raised its holdings in shares of Adams Diversified Equity Fund by 5.4% in the fourth quarter. Royal Bank of Canada now owns 365,808 shares of the closed-end fund’s stock worth $6,478,000 after acquiring an additional 18,806 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Adams Diversified Equity Fund by 1.7% in the second quarter. Wells Fargo & Company MN now owns 251,822 shares of the closed-end fund’s stock worth $3,863,000 after acquiring an additional 4,225 shares during the last quarter. 28.41% of the stock is owned by institutional investors and hedge funds.

Adams Diversified Equity Fund Company Profile

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.