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 59th consecutive year that the Fund has paid out capital gains and the 88th consecutive year it has paid out dividends to its shareholders.
Commenting on the year-end distribution, ...