Adams Natural Resources Fund Inc (NYSE:PEO) to Issue $0.10 Quarterly Dividend

Adams Natural Resources Fund Inc (NYSE:PEO) declared a quarterly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.10 per share by the financial services provider on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, August 15th.

Adams Natural Resources Fund has decreased its dividend by an average of 5.4% per year over the last three years.

Shares of NYSE PEO traded up $0.02 during midday trading on Tuesday, reaching $15.30. The company had a trading volume of 400 shares, compared to its average volume of 77,373. The company’s 50-day moving average is $16.23. Adams Natural Resources Fund has a 1 year low of $13.60 and a 1 year high of $20.34.

A number of research firms have issued reports on PEO. CIBC reaffirmed an “average” rating and issued a $11.00 price target on shares of Adams Natural Resources Fund in a report on Wednesday, July 31st. Clarus Securities reiterated an “average” rating on shares of Adams Natural Resources Fund in a research note on Wednesday, August 7th. Finally, Canaccord Genuity reiterated an “average” rating on shares of Adams Natural Resources Fund in a research note on Wednesday, July 31st.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets across the globe. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.

Featured Story: What are defining characteristics of a correction?

Dividend History for Adams Natural Resources Fund (NYSE:PEO)

Receive News & Ratings for Adams Natural Resources Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Natural Resources Fund and related companies with MarketBeat.com's FREE daily email newsletter.