BALTIMORE, July 15, 2021 /PRNewswire/ -- 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, 2021, to shareholders of record
August 18, 2021. This represents the
third payment this year toward the Fund's annual 6% minimum
distribution rate commitment. Details regarding the Fund's annual
6% minimum distribution rate commitment can be found at
adamsfunds.com.
FIRST-HALF PERFORMANCE
"The economic rebound and strong corporate earnings drove the
stock market to record highs. Our investments in Financials,
Energy, and Technology were the primary contributors to our
performance for the first half of 2021," said Mark Stoeckle, CEO of Adams Funds.
For the six months ended June 30,
2021, the total return on Adams Diversified Equity's net
asset value, with dividends and capital gains reinvested, was
15.1%. This compares to a 15.3% total return for the S&P 500
and a 14.9% total return for the Lipper Large-Cap Core Funds
Average. The total return on the market price of the Fund's shares
for the period was 15.0%.
For the twelve months ended June 30,
2021, the total return on Adams Diversified Equity's net
asset value, with dividends and capital gains reinvested, was
39.4%. Comparable figures for the S&P 500 and the Lipper
Large-Cap Core Funds Average were 40.8% and 39.7%, respectively.
The Fund's total return on market price for the period was
40.6%.
NET ASSET VALUE
|
6/30/2021
|
6/30/2020
|
Net assets
|
$2,548,945,247
|
$1,898,784,630
|
Shares
outstanding
|
111,027,121
|
108,731,058
|
Net asset value per
share
|
$22.96
|
$17.46
|
The Semi-Annual Report to Shareholders is expected to be
released on or about July 21,
2021.
###
Since 1929, Adams Funds has consistently helped generations of
investors reach their investment goals. Adams Funds is comprised of
two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE:
ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds
are actively managed by an experienced team with a disciplined
approach and have paid dividends for more than 80 years across many
market cycles. The Funds are committed to paying an annual
distribution rate of 6% or more, providing reliable income to
long-term investors. Shares can be purchased through our transfer
agent or through a broker. For more information about Adams Funds,
please visit: adamsfunds.com.
Contact:
Lyn
Walther
Director of Shareholder Communications
800.638.2479 │ investorrelations@adamsfunds.com
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SOURCE Adams Funds