Adams Diversified Equity Fund Announces 2023 Performance
Adams Diversified Equity Fund Inc. (ADX)
US:NYSE Investor Relations:
adamsfunds.com/funds/diversified-equity/at-a-glance
Company Research
Source: GlobeNewswire
BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2023. The total return on the Fund’s net asset value for 2023 was 27.5%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar U.S. Large Blend Category were 26.3% and 24.1%, respectively. The total return on the Fund’s market price for the period was 31.2%. “We were pleased to generate a 27.5% return in 2023, outperforming our benchmark and 3.4% ahead of our peer group,” said Jim Haynie, CEO of Adams Funds. The Fund paid $1.30 per share in income dividends and realized capital gain distributions to shareholders in 2023, producing an annual distribution rate of 8.1%, exceeding the Fund’s annual 6% minimum distribution rate commitment. Details regarding the annual 6% minimum distribution rate commitment can be found at adamsfunds.com. The 202
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- William H. Reinhardt Elected Vice President – Research, Adams Diversified Equity FundGlobeNewswire
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ADX
Sec Filings
- 4/24/24 - Form N-30B-2
- 4/24/24 - Form 13F-HR
- 3/20/24 - Form 40-17G
- ADX's page on the SEC website