BALTIMORE, Nov. 11, 2021 /PRNewswire/ -- Adams
Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end
distribution of $2.83 per share. The
total distributions by the Fund for 2021 will be $2.98, including the distributions totaling
$0.15 per share made prior to today's
announcement. The annual distribution rate represented by these
distributions is 15.7%.
The year-end distribution consists of the following:
- $0.07 per share from 2021 net
investment income; and
- $2.76 per share from net capital
gains realized during 2021, of which $0.35 was short-term gain and $2.41 was long-term gain.
This marks the 57th consecutive year that the Fund
has paid out capital gains and the 86th consecutive year
it has paid out dividends to its shareholders.
Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Diversified
Equity Fund, said: "The U.S. equity market continues to be in the
longest bull market in history. Coupled with good stock selection,
this created significant embedded gains that we realized while
positioning for new opportunities. We are pleased to announce
our 2021 distribution rate of 15.7%, which far exceeds our
commitment to distribute at least 6% of the Fund's trailing
12-month average month-end market price. While future market
conditions are uncertain, we are proud of our long history of
providing dividend income and capital gains to our shareholders
under all market conditions, and this year's distributions add to
that exceptional track record."
The payable date for the distribution is December 22, 2021, the record date is
November 22, 2021, and the
ex-dividend date is November 19,
2021. The year-end distribution is payable in stock and/or
cash at the option of each shareholder.
Details regarding the annual distribution rates and the Fund's
6% minimum distribution commitment can be found at
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.
800.638.2479 │ email@example.com
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SOURCE Adams Diversified Equity Fund, Inc.