PEO - Adams Diversified Equity Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment | Benzinga

BALTIMORE, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) declared today a year-end distribution of $1.15 per share. The total distributions by the Fund for 2023 will be $1.30, including the distributions totaling $0.15 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 8.1%.

The year-end distribution consists of the following:

• $0.02 per share from 2023 net investment income; and

• $1.13 per share from net capital gains realized during 2023, all of which is long-term gain.
  

This marks the 59^th consecutive year that the Fund has paid out capital gains and the 88^th consecutive year it has paid out dividends to its shareholders.

Commenting on the year-end distribution, ...

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