BALTIMORE, Nov. 9, 2017 /PRNewswire/ -- Adams
Diversified Equity Fund, Inc. (NYSE:ADX) declared today a year-end
distribution of $1.23 per share. The
total distributions by the Fund for 2017 will be $1.38, including the distributions of
$0.15 per share made prior to today's
announcement. The annual distribution rate represented by these
distributions is 9.8%.
The year-end distribution consists of the following:
- $1.15 per share from net capital
gains realized during 2017, of which $0.06 was short-term gain and $1.09 was long-term gain.
- $0.08 per share from 2017 net
investment income.
This marks the 53rd consecutive year that the Fund
has paid out capital gains and the 82nd 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: "Our 9.8% distribution rate for this year
exceeds the commitment we made to our shareholders that we will
distribute each year an amount equal to at least 6% of the Fund's
trailing 12-month average month-end market price. We are proud of
our long history of providing dividend income and capital gains to
our shareholders and this year's distributions add to that
exceptional track record."
The payable date for the distribution is December 22, 2017, the record date is
November 22, 2017, and the
ex-dividend date is November 21,
2017. The year-end distribution is payable in stock or cash
at the option of each shareholder.
Details regarding the annual 6% minimum distribution rate can be
found at www.adamsfunds.com.
Since 1929, Adams Funds have 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: www.adamsfunds.com.
Contact:
Lyn
Walther
Director of Shareholder Communications
800-638-2479 | investorrelations@adamsfunds.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/adams-diversified-equity-fund-declares-year-end-distribution-exceeds-its-annual-6-minimum-distribution-rate-commitment-300553282.html
SOURCE Adams Diversified Equity Fund, Inc.