Media stories about Adams Diversified Equity Fund (NYSE:ADX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Adams Diversified Equity Fund earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the closed-end fund an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Adams Natural Resources Fund : Diversified Equity Fund Announces First Half Performance, Declares Distribution And Schedules Conference Call (4-traders.com)
- Adams Diversified Equity Fund I (ADX) Hits a 52-Week High (highlightpress.com)
- Adams Diversified Equity Fund, Inc. to Issue Quarterly Dividend of $0.05 (ADX) (americanbankingnews.com)
- Adams Diversified Equity Fund Announces First Half Performance, Declares Distribution And Schedules Conference Call (finance.yahoo.com)
- Adams Natural Resources Fund Announces First Half Performance And Declares Distribution (finance.yahoo.com)
Adams Diversified Equity Fund (NYSE:ADX) opened at 14.63 on Tuesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 12.37 and a beta of 1.08. Adams Diversified Equity Fund has a 52-week low of $12.33 and a 52-week high of $14.66. The company has a 50 day moving average price of $14.25 and a 200-day moving average price of $13.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 9th.
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In other news, CEO Mark E. Stoeckle bought 23,000 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, April 27th. The stock was bought at an average cost of $14.04 per share, for a total transaction of $322,920.00. Following the purchase, the chief executive officer now directly owns 35,491 shares in the company, valued at approximately $498,293.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.
About Adams Diversified Equity Fund
Adams Diversified Equity Fund, Inc (the Fund) is a diversified, closed-end equity investment company. The Fund’s investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. Its portfolio includes investments in consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate, telecommunication services and utilities.
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