Adams Diversified Equity Fund Inc (NYSE:ADX) Director Craig R. Smith acquired 17,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of $14.91 per share, with a total value of $253,470.00. Following the transaction, the director now owns 46,469 shares of the company’s stock, valued at $692,852.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:ADX opened at $15.03 on Thursday. Adams Diversified Equity Fund Inc has a 52 week low of $11.84 and a 52 week high of $16.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 16th.
TRADEMARK VIOLATION WARNING: This piece was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/25/craig-r-smith-buys-17000-shares-of-adams-diversified-equity-fund-inc-adx-stock.html.
About Adams Diversified Equity Fund
Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.
Recommended Story: What is range trading?
Receive News & Ratings for Adams Diversified Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.