Adams Diversified Equity Fund

The Adams Express Company (the Fund) is a diversified investment company. The Company is an internally-managed closed-end fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. In order to conduct the Company’s business, the Company, through its transfer agent, American Stock Transfer & Trust Company, collects and maintains certain non-public personal information about its stockholders of record with respect to their transactions in shares of its securities. The Company’s investments include common stocks and short-term investments.

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.

William H. Reinhardt Elected Vice President – Research, Adams Diversified Equity Fund

BALTIMORE, April 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income, payable May 31, 2024, to shareholders of record May 17, 2024. This distribution represents the second payment this year toward the Fund's annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com.

Adams Diversified Equity Fund Declares Distribution and Announces First Quarter Performance

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Adams Diversified Equity Fund (ADX) has performed well, returning over 27% since October. ADX paid a $1.15/share year-end special distribution, exceeding expectations. The analogy to 1999/2000 appears to be playing out in real time, suggesting we are in the midst of a blow-off top in equities. Due to its investment process, the ADX fund is heavily concentrated in high momentum growth stocks that could see a large drawdown should the bubble burst.

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BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund's investment returns for 2023.

Adams Diversified Equity Fund Announces 2023 Performance

BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $0.05 per share, payable March 1, 2024, to shareholders of record February 9, 2024, consisting of $0.03 net investment income and $0.01 long-term capital gain, both realized in 2023, and $0.01 net investment income realized in 2024.

Adams Diversified Equity Fund Declares Distribution

Adams Diversified Equity Fund seeks long-term capital appreciation and dividend income by investing in large-cap US companies. ADX has a very long history and has outperformed the S&P 500 over the past 10 years. The fund charges a high management fee and has a fixed distribution policy, which creates a potential tax drag.

ADX: 4 Reasons To Be Cautious Despite Recent Outperformance

BALTIMORE, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that $17.02 per share is the issue price for the closed-end fund's year-end distribution to shareholders who have elected to receive all or a portion of the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 6, 2023.

Adams Diversified Equity Fund Announces $17.02 Issue Price of Shares for Year-End Distribution Payable December 20, 2023

BALTIMORE, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of $1.15 per share. The total distributions by the Fund for 2023 will be $1.30, including the distributions totaling $0.15 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 8.1%.

Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment

The Adams Diversified Equity Fund has a long operating history and uses a time-tested process to identify secular growth stocks. ADX has performed well, returning 12.7% YTD and keeping pace with the S&P 500. The fund should be announcing a sizeable year-end distribution in the coming weeks, with a minimum 6% payout rate.

ADX: Look Out For A Large Year-End Distribution

BALTIMORE, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund's results for the nine months ended September 30th. The total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 12.8%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 13.1% and 11.6%, respectively. The total return on the market price of the Fund's shares for the period was 15.5%.

Adams Diversified Equity Fund Reports Nine Month Results

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Adams Diversified Equity Fund is currently trading at a 14.2% discount but may not be an appealing option due to trading at a deep discount regularly. ADX generally follows the performance of the S&P 500 Index, but the fund has outperformed over the last year. ADX implements a distribution strategy that pays a regular quarterly distribution and tops it off at year-end to meet its minimum 6% policy.

ADX: Deep Discount But Relatively Expensive

Adams Diversified Equity Fund aims to match or beat the performance of the S&P 500 index while delivering a dividend yield of 6-7% annually. The fund has a long history of paying dividends for 85 years straight and has seen strong results, especially since 2010. The fund often trades at a discount to its NAV, providing potential for slightly higher gains compared to the S&P 500 index under right conditions.

ADX: A Good Fund For Income Seeking Investors

Adams Natural Resources Fund Inc

BALTIMORE, July 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income, payable September 1, 2023, to shareholders of record August 18, 2023. This distribution represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com.

Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance

BALTIMORE, July 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income, payable September 1, 2023, to shareholders of record August 18, 2023. This distribution represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment, which can be found at adamsfunds.com.

Adams Natural Resources Fund Declares Distribution and Announces First Half Performance

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The Adams Diversified Equity Fund employs a fundamental, technical, and quantitative analysis with a bottom-up stock-picking approach. They target outperforming the S&P 500 Index. The article takes a look at ADX and measures its performance against its proclaimed goal; outperforming ETFs like SPY. Whether ADX achieved its goal of outperformance depends on what investors did with their dividends and the time period. Understanding the calculations also matters.

ADX: Reinvesting Or Not Makes A Difference - Maybe

BALTIMORE, April 20, 2023 (GLOBE NEWSWIRE) -- Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation's oldest closed-end funds, today announced the election of Christine M. Sloan as Treasurer, effective immediately.

Christine M. Sloan Elected Treasurer of Adams Diversified Equity Fund and Adams Natural Resources Fund

BALTIMORE, April 20, 2023 (GLOBE NEWSWIRE) -- Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation's oldest closed-end funds, today announced that, after 10 years leading the Companies, Mark E. Stoeckle has retired. He served as Adams Funds' Chief Executive Officer since February 2013 and President of ADX since January 2015. He also led the Funds' Management Committee.

Adams Diversified Equity Fund and Adams Natural Resources Fund Announce Retirement of Mark E. Stoeckle

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The ADX fund has been in operation since 1929. It provides long-term capital appreciation and high current distributions from a portfolio of diversified equities. The ADX fund pays a 6%+ distribution yield.

ADX: Solid Equity Fund Yielding 6%

BALTIMORE, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX), one of the nation's oldest closed-end funds, today announced that D. Cotton Swindell has been elected President of the Fund effective upon CEO and President Mark Stoeckle's retirement in April.

News for Adams Diversified Equity Fund ETF (ADX)