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V - ADX: 8.6% Yielding CEF Supported By Continued Rotation Into Large-Cap Growth Stocks
Visa Inc.
This time, we will present our readers with the Adams Diversified Equity Fund (NYSE:ADX) which was incorporated in 1929. It is one of the oldest closed-end funds available to investors on the market which is primarily focused on U.S. blue-chip companies. Based on our historical analysis, it has been distributing its shareholders an annual distribution rate of approximately 6% over the last 15 years. It offers an 8.59% dividend yield as of February 18, 2020, which is way above the historical S&P 500 dividend yield typically in the range of 3% - 5%.