Adams Diversified Equity Fund Declares Distribution and Announces First Quarter Performance
April 21 2022 - 3:34PM
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 June 1, 2022, to shareholders of
record May 18, 2022. 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.
FIRST QUARTER PERFORMANCE
For the three months ended March 31st, the total return on Adams
Diversified Equity’s net asset value, with dividends and capital
gains reinvested, was -4.2%. Comparable figures for the S&P 500
and the Morningstar U.S. Large Blend category were -4.6% and -5.0%,
respectively. The total return on the market price of the Fund’s
shares for the period was -4.7%.
For the twelve months ended March 31st, the total return on
Adams Diversified Equity’s net asset value, with dividends and
capital gains reinvested, was 17.5%. Comparable figures for the
S&P 500 and the Morningstar U.S. Large Blend category were
15.7% and 12.9%, respectively. The total return on the market price
of the Fund’s shares for the period was 16.8%.
NET ASSET VALUE
|
3/31/2022 |
3/31/2021 |
Net assets |
$2,533,172,745 |
$2,348,986,742 |
Shares outstanding |
117,872,270 |
111,027,037 |
Net asset value per share |
$21.29 |
$21.16 |
The First Quarter Report to Shareholders is expected to be
released on or about April 27, 2022.
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:800.638.2479 │
investorrelations@adamsfunds.com
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