BALTIMORE, Nov. 12, 2015 /PRNewswire/ -- Adams
Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end
distribution of $0.78 per share. The
total distributions by the Fund for 2015 will be $0.93, including the distributions of
$0.15 per share made prior to today's
announcement. The annual distribution rate represented by these
distributions is 6.8%.
The year-end distribution consists of the following:
- $0.77 per share from net capital
gains realized during 2015, comprised all of long-term gain.
- $0.01 per share from 2015 net
investment income.
This marks the 51st consecutive year that the Fund
has paid out capital gains and the 80th consecutive year
it has paid out dividends to its shareholders.
Commenting on the year-end distribution, Mark E. Stoeckle, CEO of Adams Diversified
Equity Fund, said: "This amount is consistent with the commitment
we made to our shareholders that we will distribute each year an
amount equal to at least 6% of the Fund's trailing 12-month average
month-end market price. Our commitment reflects our long history of
providing attractive distributions of dividend income and capital
gains. We will continue to manage the portfolio for attractive
long-term returns while providing an annual distribution rate of at
least 6%."
The payable date for the distribution is December 28, 2015, the record date is
November 25, 2015, and the
ex-dividend date is November 23,
2015. Both payments are payable in stock or cash at the
option of each shareholder.
Details regarding the annual 6% minimum distribution rate can be
found at www.adamsfunds.com.
Adams Diversified Equity Fund is a Baltimore-based closed-end fund that has been
operating as an investment company since 1929. Its stock
trades on the New York Stock Exchange under the ticker symbol
ADX.
For further information, please contact:
Nancy J. Floyd Prue
Executive Vice President
Director of Shareholder Communications
410.752.5900 or 800.638.2479
Email: contact@adamsfunds.com
adamsfunds.com
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SOURCE Adams Diversified Equity Fund, Inc.