Adams Diversified Equity Fund Announces First-Half Performance and Declares Distribution
22 July 2022 - 6:10AM
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.
FIRST-HALF PERFORMANCE
“In the first half of 2022, the arrival of a bear market offered
both challenges and opportunities for our Fund. Our investments in
Industrials, Health Care, and Consumer Discretionary were the
primary contributors to our relative performance,” said Mark
Stoeckle, CEO of Adams Funds.
For the six months ended June 30, 2022, the total return on
Adams Diversified Equity’s net asset value, with dividends and
capital gains reinvested, was -19.7%. This compares to a -20.0%
total return for both the S&P 500 and the Morningstar U.S.
Large Blend category. The total return on the market price of the
Fund’s shares for the period was -20.5%.
For the twelve months ended June 30, 2022, the total return on
Adams Diversified Equity’s net asset value, with dividends and
capital gains reinvested, was -9.4%. Comparable figures for the
S&P 500 and the Morningstar U.S. Large Blend category were
-10.6% and -11.6%, respectively. The Fund’s total return on market
price for the period was -10.2%.
NET ASSET VALUE
|
6/30/2022 |
6/30/2021 |
Net assets |
$2,118,629,378 |
$2,548,945,247 |
Shares outstanding |
117,873,571 |
111,027,121 |
Net asset value per share |
$17.97 |
$22.96 |
The Semi-Annual Report to Shareholders is expected to be
released on or about July 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
Adams Natural Resources (NYSE:PEO)
Historical Stock Chart
From Apr 2024 to May 2024
Adams Natural Resources (NYSE:PEO)
Historical Stock Chart
From May 2023 to May 2024