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.
Director of Shareholder Communications
800-638-2479 | email@example.com
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SOURCE Adams Diversified Equity Fund, Inc.