Adams Diversified Equity Fund Inc (NYSE:ADX) Director Craig R. Smith acquired 17,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $253,470.00. Following the completion of the purchase, the director now directly owns 46,469 shares of the company’s stock, valued at approximately $692,852.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Adams Diversified Equity Fund stock opened at $15.04 on Friday. Adams Diversified Equity Fund Inc has a 1-year low of $11.84 and a 1-year high of $16.82.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.33%.
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Adams Diversified Equity Fund Company Profile
Adams Diversified Equity Fund, Inc is a self-managed investment trust. 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 and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.
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