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, 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

Blackrock Health Sciences Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

BlackRock Utilities Infrastructure & Power Opportunities Trust

ClearBridge Energy MLP Fund Inc

Central Securities

European Equity Fund

Franklin Templeton Emerging Markets Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Sprott Focus Trust

General American Investors

Gabelli Dividend & Income Trust

Gabelli Global Small and Mid Cap Value Trust

Eagle Capital Growth Fund Inc

Gabelli Healthcare & Wellness Trust

abrdn Healthcare Investors 

abrdn Life Sciences Investors 

India Fund Inc

Morgan Stanley India Investment Fund Inc

Barings Corporate Investors

Barings Participation Investors

Mexico Fund

PIMCO Energy and Tactical Credit Opportunities Fund

Income Portfolio - 38 CEFs Worth Exploring

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

BlackRock Innovation & Growth Trust

ClearBridge Energy MLP Total Return Fund Inc

Blackrock ESG Capital Allocation Trust

ClearBridge Energy MLP Opportunity Fund Inc

FS Credit Opportunities Corp

BlackRock Municipal Income Fund

Tortoise Energy Independence Fund, Inc.

Tortoise MLP Fund

Adams Natural Resources Fund Inc

Royce Global Value

Western Asset

Tortoise Essential Assets Income Term Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

18 out of 22 CEF sectors positive on price, and 11 out of 22 sectors positive on NAV last week. Saba files lawsuits against 16 CEFs, seeking to invalidate share control provisions. The battle is heating up.

Weekly Closed-End Fund Roundup: Saba Continues CEF Battles (July 2, 2023)

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

InfraCap MLP

iShares iBoxx High Yield Corporate Bond ETF

Virtus AllianzGI Equity & Convertible Income Fund

PIMCO Corporate & Income Opportunity Fund

With yields north of 7%, closed-end funds (CEFs) should be a staple of every American's portfolio.

These 8% Dividends Are Key To Early Retirement

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.

D. Cotton Swindell Elected President of Adams Diversified Equity Fund

BALTIMORE, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund's investment returns for 2022.

Adams Diversified Equity Fund Announces 2022 Performance

Nuveen Global High Income Fund

SRH Total Return Fund Inc

Don't lament the lack of a Santa Claus rally this year, because it comes with a bright silver lining

3 Double-Digit Income Buys No One Is Talking About

BALTIMORE, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) has determined that $15.01 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 7, 2022.

Adams Diversified Equity Fund Announces $15.01 Issue Price of Shares for Year-End Distribution Payable December 21, 2022

ADX has a committed distribution of 6 percent, whereas the actual yield is even higher. It has generated a long-term return of almost 18 percent, beating the S&P 500. Due to the poor performance of the broader market, and especially the technology stocks, price performance has been poor this year. ADX thus is available at a deep discount.

ADX: Large-Cap Diversified Equity Fund With A Committed 6% Distribution

This impressive closed-end fund offers big distribution yield of at least 6% each year, and usually more. It also trades at a very large and attractive discount (-14.1%) as compared to its net asset value.

ADX: When The Market Falls, Keep Buying More Of This 6% Yielder

BALTIMORE, Sept. 07, 2022 (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 Mark E. Stoeckle will retire as Chief Executive Officer and that the Boards of Directors have appointed James P. Haynie to succeed him.

CEO Mark E. Stoeckle Announces Retirement Plan, Boards Elect James P.

ADX has a minimum 6% annual distribution policy; this is done through a small quarterly and is topped off at year-end. In 2021, we saw an abnormally large payout that isn't likely to be repeated.

ADX: A Minimum 6% Managed Distribution In A Challenging Market

ADX is an equity-focused CEF that has been around since 1929. The fund invests in a blend of high-quality, large-cap companies and currently shows up with a trailing twelve months 17% dividend yield.

ADX: Is This 17% CEF Yield Real?

BALTIMORE, July 21, 2022 (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, 2022, to shareholders of record August 18, 2022. 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.

Adams Diversified Equity Fund Announces First-Half Performance and Declares Distribution

ADX is a plain vanilla equity fund that mostly mirrors the S&P 500, with significantly less holdings. The bit of a twist is the annual year-end special distribution that the fund pays out.

ADX: A Lean Year For Equities, But Still Finding Capital Gains

At times like this, our closed-end fund (CEF) dividends are a key tool to help see us through.

These 7%+ Dividends Are Built For A Recession

This selloff has gone on seemingly forever, and I'm hearing from more investors who are feeling nervous.

News for Adams Diversified Equity Fund ETF (ADX)