Adams Natural Resources Fund, Inc. (NYSE:PEO) Declares Quarterly Dividend of $0.54

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a quarterly dividend on Thursday, July 16th. Investors of record on Monday, July 27th will be paid a dividend of 0.54 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Monday, July 27th. This is a 3.8% increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.52.

Adams Natural Resources Fund Trading Up 0.7%

PEO opened at $27.64 on Friday. The business’s 50-day moving average is $25.73 and its two-hundred day moving average is $25.67. Adams Natural Resources Fund has a 1 year low of $20.57 and a 1 year high of $28.88.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PEO. Global Retirement Partners LLC purchased a new stake in shares of Adams Natural Resources Fund during the fourth quarter valued at $35,000. Comerica Bank increased its position in shares of Adams Natural Resources Fund by 38.1% in the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 513 shares during the period. Advisory Services Network LLC purchased a new position in Adams Natural Resources Fund in the 3rd quarter worth $48,000. Geneos Wealth Management Inc. raised its stake in Adams Natural Resources Fund by 45.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 801 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Adams Natural Resources Fund during the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.