PEO News and Press, Adams Natural Resources Fund Inc. From 09/18/22

Summary PEO invests primarily in oil majors, but also has some other more specific industry exposure. They've put up reasonable results against their benchmarks. The fund has a 6% annual minimum distribution policy. Written by Nick Ackerman, co-produced by Stanford...

BALTIMORE, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation’s oldest closed-end funds, today announced that Mark E. Stoeckle will retire as Chief Executiv...

Adams Natural Resources Fund ( NYSE: PEO ) declares $0.10/share quarterly dividend , in line with previous. Forward yield 1.88% Payable Sept. 1; for shareholders of record Aug. 18; ex-div Aug. 17. See PEO Dividend Scorecard, Yield Chart, & Dividend Growth. ...

ADX has a minimum 6% annual distribution policy; this is done through a small quarterly and is topped off at year-end. In 2021, we saw an abnormally large payout that isn't likely to be repeated. The fund has already realized a sizeable amount of gains for the year. Wr...

BALTIMORE, July 21, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income payable September 1, 2022, to shareholders of record August 18, 2022. This represents the third p...

BALTIMORE, July 21, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income payable September 1, 2022, to shareholders of record August 18, 2022. This represents the third pa...

For the second month in three, equity CEFs on average witnessed positive returns, rising 0.73% on a NAV basis for May. While for the fifth consecutive month, fixed income CEFs posted returns in the red (-0.40%). Only 20% of all CEFs traded at a premium to their NAV at month end, w...

ADX is a plain vanilla equity fund that mostly mirrors the S&P 500, with significantly less holdings. The bit of a twist is the annual year-end special distribution that the fund pays out. As an income investor, I view this as a way to give myself a bonus at the end of the yea...

BALTIMORE, April 21, 2022 (GLOBE NEWSWIRE) -- The Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) have elected Kenneth J. Dale to serve as the Non-Executive Chairperson of the Boards of Directors of both Funds, effective April 21...

BALTIMORE, April 21, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income, payable June 1, 2022, to shareholders of record May 18, 2022. This distribution represents the s...