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.
IPO Year:
Exchange: NYSE
Website: adamsfunds.com
Date | Price Target | Rating | Analyst |
---|
BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE:PEO) has determined that $22.75 per share is the issue price for the Fund's third quarter distribution to shareholders. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on August 21, 2024, the valuation date. The shares of common stock will be issued in connection with payment of the $0.54 third quarter distribution, the first distribution paid pursuant to the Fund's new managed distribution policy. The policy commits to pay a minimum 8% annual rate of average net asset value ("NAV") distributed evenly at 2% of average NAV per quart
BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) has determined that $21.29 per share is the issue price for the Fund's third quarter distribution to shareholders. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on August 21, 2024, the valuation date. The shares of common stock will be issued in connection with payment of the $0.44 third quarter distribution, the first distribution paid pursuant to the Fund's new managed distribution policy. The policy commits to pay a minimum 8% annual rate of average net asset value ("NAV") distributed evenly at 2% of average NAV per quarter, with
BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the final results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share ("NAV") at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date ("Offer"), which include an updated proration factor. No other information about the Offer results has changed. Based on the final count by Equiniti Trust Company, LLC ("EQ"), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not withdrawn. The total amount of shares tendered exceeded t
BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the final results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share ("NAV") at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date. Based on the final count by Equiniti Trust Company, LLC ("EQ"), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not withdrawn. The total amount of shares tendered exceeded the offer amount, and the Fund will purchase tendered shares on a pro rata basis, disregarding fractions. The pr
BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the preliminary results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share ("NAV") at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date. The tender offer expired at 5:00 p.m. (ET) on August 2, 2024 and was not extended. Based on the preliminary count by Equiniti Trust Company, LLC ("EQ"), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not withdrawn. The total amount of shares tendered exceeded the offer amount,
BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE:PEO) today declared a distribution of $.54 per share, payable August 30, 2024, in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP. FIRST HALF PERFORMANCE For the six months ended June 30th, the total return on Adams N
BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE:ADX) today declared a distribution of $.44 per share, payable August 30, 2024 in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP. FIRST HALF PERFORMANCE For the six months ended June 30th, the total return on Ada
BALTIMORE, July 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the commencement of the Fund's previously announced tender offer to acquire in exchange for cash up to 10%, or 12,405,174 shares, of its issued and outstanding Common Stock, at a price equal to 98% of net asset value per share as of the close of ordinary trading on the New York Stock Exchange ("NYSE") on August 2, 2024, or, if the tender offer is extended, the day the offer expires (the "Tender Offer"). Registered shareholders who would like to participate should contact EQ Fund Solutions, the information agent for the Tender Offer, at 888-886-4425. Shareholders who own shares throu
Appellate Court Upholds Saba's Victory Over 11 Closed-End Funds That Broke Federal Law BlackRock, Royce Investment Partners, Tortoise Capital Advisors, Adams Funds and FS Investments Illegally Adopted Control Share Provisions at Their Closed-End Funds Saba Capital Management, L.P. (together with certain of its affiliates, "Saba" or "we") today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the "Appellate Court") by the BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), BlackRock Municipal Income Fund (NYSE:MUI), Royce Global Value Trust (NYSE:RGT), Tortoise Midstream Energy Fund (NYSE:NTG), Tortoise Energy Independence
BALTIMORE, June 03, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX), and Adams Natural Resources Fund, Inc. (NYSE:PEO) announced today that the Board of Directors of each Fund has unanimously approved several governance updates: election of a classified board structure and adoption of certain bylaws amendments. The Funds have each elected to be subject to Maryland Corporations Code Section 3-803, which provides for a classified board structure consisting of three director classes of three years each. These elections strengthen the stability of Fund oversight and operations, furthering each Fund's objectives and serving the long-term interests of shareholders and th
N-PX - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Filer)
SC TO-I/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC TO-I/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
N-CSRS - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Filer)
13F-HR - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Filer)
SC TO-I - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
8-K/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Filer)
8-K - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Filer)
NPORT-P - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Filer)
SC TO-C - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
5 - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Issuer)
BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE:PEO) has determined that $22.75 per share is the issue price for the Fund's third quarter distribution to shareholders. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on August 21, 2024, the valuation date. The shares of common stock will be issued in connection with payment of the $0.54 third quarter distribution, the first distribution paid pursuant to the Fund's new managed distribution policy. The policy commits to pay a minimum 8% annual rate of average net asset value ("NAV") distributed evenly at 2% of average NAV per quart
BALTIMORE, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) has determined that $21.29 per share is the issue price for the Fund's third quarter distribution to shareholders. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on August 21, 2024, the valuation date. The shares of common stock will be issued in connection with payment of the $0.44 third quarter distribution, the first distribution paid pursuant to the Fund's new managed distribution policy. The policy commits to pay a minimum 8% annual rate of average net asset value ("NAV") distributed evenly at 2% of average NAV per quarter, with
BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the final results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share ("NAV") at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date ("Offer"), which include an updated proration factor. No other information about the Offer results has changed. Based on the final count by Equiniti Trust Company, LLC ("EQ"), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not withdrawn. The total amount of shares tendered exceeded t
BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the final results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share ("NAV") at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date. Based on the final count by Equiniti Trust Company, LLC ("EQ"), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not withdrawn. The total amount of shares tendered exceeded the offer amount, and the Fund will purchase tendered shares on a pro rata basis, disregarding fractions. The pr
BALTIMORE, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the preliminary results of its offer to purchase up to 12,405,174 of its common shares at $22.47, 98% of the $22.93 net asset value per share ("NAV") at the close of regular trading on the New York Stock Exchange on August 2, 2024, the expiration date. The tender offer expired at 5:00 p.m. (ET) on August 2, 2024 and was not extended. Based on the preliminary count by Equiniti Trust Company, LLC ("EQ"), the depositary for the tender offer, a total of 41,882,825 common shares of ADX were validly tendered and not withdrawn. The total amount of shares tendered exceeded the offer amount,
BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE:PEO) today declared a distribution of $.54 per share, payable August 30, 2024, in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP. FIRST HALF PERFORMANCE For the six months ended June 30th, the total return on Adams N
BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE:ADX) today declared a distribution of $.44 per share, payable August 30, 2024 in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP. FIRST HALF PERFORMANCE For the six months ended June 30th, the total return on Ada
BALTIMORE, June 03, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX), and Adams Natural Resources Fund, Inc. (NYSE:PEO) announced today that the Board of Directors of each Fund has unanimously approved several governance updates: election of a classified board structure and adoption of certain bylaws amendments. The Funds have each elected to be subject to Maryland Corporations Code Section 3-803, which provides for a classified board structure consisting of three director classes of three years each. These elections strengthen the stability of Fund oversight and operations, furthering each Fund's objectives and serving the long-term interests of shareholders and th
BALTIMORE, May 24, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE:PEO) today announced an initiative reflecting our ongoing commitment to long-term shareholder value creation – the implementation of a managed distribution policy ("Policy") that will provide a higher annual distribution rate more evenly on a quarterly basis throughout the year. This initiative underscores our dedication to delivering long-term value, competitive performance, and stable, consistent distributions to our valued shareholders. MANAGED DISTRIBUTION POLICY Under the new Policy, the Fund commits to distribute a minimum 8% annual rate of the Fund's average net asset value ("NAV") to shareholders
BALTIMORE, Md., April 18, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund (NYSE:ADX) announced that William H. Reinhardt has been elected Vice President-Research, effective April 18, 2024. Mr. Reinhardt joined Adams Diversified Equity Fund in February 2023 as a senior equity analyst covering the Industrials sector. Prior to joining the Fund, Mr. Reinhardt worked at Monarch Partners and before that, at Columbia Threadneedle, as a senior equity analyst covering Industrials, Materials, and Energy. His over eighteen years of experience also includes equity research positions with Lazard Capital Markets and Citigroup. "This is a well-deserved promotion for Will. His depth o
SC 13D/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13D/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13G/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13D/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13D/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13D/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13D - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
SC 13G/A - ADAMS DIVERSIFIED EQUITY FUND, INC. (0000002230) (Subject)
Adams Diversified Equity Fund, Inc. (NYSE:ADX) announced today the commencement of the Fund's previously announced tender offer to acquire in exchange for cash up to 10%, or 12,405,174 shares, of its issued and outstanding Common Stock, at a price equal to 98% of net asset value per share as of the close of ordinary trading on the New York Stock Exchange ("NYSE") on August 2, 2024, or, if the tender offer is extended, the day the offer expires (the "Tender Offer").
Thursday marks the last chance for investors to receive the next dividend payout from Adams Diversified Equity (NYSE:ADX). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of $1.15 per share. On Friday, Adams Diversified Equity will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $1.15 lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ADX as of the end of Thursday's session are eligible to receive the $1.15 d
During Monday's trading, 528 companies set new 52-week lows. Facts of Interest About Today's 52-Week Lows: Microsoft (NASDAQ:MSFT) was the biggest company on a market cap basis to set a new 52-week low. Mobilicom (NASDAQ:MOB) is the smallest company on a market cap basis to set a new 52-week low. iBio (AMEX:IBIO)'s stock fell the most, as it traded down 2255.49% to reach a new 52-week low. Sandstorm Gold (NYSE:SAND) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. The following stocks achieved new 52-week lows on Monday: Microsoft (NASDAQ:MSFT) shares fell to $228.36 on Monday, setting a new 52-week low with a shift of down
During Monday's trading, 1214 companies set new 52-week lows. Facts of Interest About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). Quoin Pharmaceuticals (NASDAQ:QNRX) was the smallest company by market cap to set a new 52-week low. DexCom (NASDAQ:DXCM)'s stock fell the most, as it traded down 76.5% to reach a new 52-week low. La Jolla Pharmaceutical (NASDAQ:LJPC)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. On Monday, the following stocks broke to new 52-week lows: Bank of America (NYSE:BAC) stock hit a yearly low of $31.99. The stock was down 3.01% for th