Adams Diversified Equity Fund, Inc. is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability. It obtains external research to complement its in-house research to make its investments. The firm benchmarks the performance of its portfolios against the S&P 500 Index. It was formerly known as The Adams Express Company. Adams Diversified Equity Fund, Inc. was founded in 1840 and is based in Baltimore, Maryland.
Adams Diversified Equity Fund Stock Performance
NYSE:ADX traded down $0.10 during trading hours on Wednesday, reaching $17.23. 285,310 shares of the company were exchanged, compared to its average volume of 203,692. Adams Diversified Equity Fund has a 52-week low of $14.65 and a 52-week high of $22.33. The stock has a 50 day simple moving average of $15.95 and a 200 day simple moving average of $16.95.
Adams Diversified Equity Fund Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Wednesday, August 17th.
Insider Activity
In other news, Director Frederic A. Escherich sold 4,248 shares of the firm's stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $15.31, for a total value of $65,036.88. Following the transaction, the director now owns 62,479 shares of the company's stock, valued at approximately $956,553.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company's stock.