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
ADX opened at $17.34 on Tuesday. Adams Diversified Equity Fund has a 12 month low of $14.65 and a 12 month high of $22.33. The company has a fifty day simple moving average of $15.92 and a 200 day simple moving average of $16.95.
Adams Diversified Equity Fund Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, August 17th.
Insider Activity at Adams Diversified Equity Fund
In other news, Director Frederic A. Escherich acquired 4,248 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was acquired at an average price of $15.96 per share, for a total transaction of $67,798.08. Following the transaction, the director now directly owns 66,727 shares in the company, valued at $1,064,962.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.