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

Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Shareholders 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 dividend on an annualized basis 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% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Adams Diversified Equity Fund Trading Down 1.1 %

ADX stock traded down $0.20 during midday trading on Friday, reaching $18.40. The stock had a trading volume of 232,671 shares, compared to its average volume of 176,068. Adams Diversified Equity Fund has a 52-week low of $15.30 and a 52-week high of $19.60. The company’s fifty day simple moving average is $19.10 and its 200 day simple moving average is $17.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADX. Mercer Global Advisors Inc. ADV raised its holdings in Adams Diversified Equity Fund by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 27,020 shares of the closed-end fund’s stock valued at $454,000 after buying an additional 584 shares during the period. Deutsche Bank AG grew its position in shares of Adams Diversified Equity Fund by 6.1% during the fourth quarter. Deutsche Bank AG now owns 12,367 shares of the closed-end fund’s stock worth $180,000 after buying an additional 714 shares in the last quarter. SMH Capital Advisors Inc. grew its position in shares of Adams Diversified Equity Fund by 3.7% during the fourth quarter. SMH Capital Advisors Inc. now owns 21,951 shares of the closed-end fund’s stock worth $319,000 after buying an additional 792 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Adams Diversified Equity Fund by 4.7% in the fourth quarter. Harbour Investments Inc. now owns 17,989 shares of the closed-end fund’s stock valued at $262,000 after purchasing an additional 814 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in Adams Diversified Equity Fund by 0.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 120,226 shares of the closed-end fund’s stock valued at $1,748,000 after purchasing an additional 831 shares in the last quarter. Hedge funds and other institutional investors own 28.41% of the company’s stock.

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.