Adams Diversified Equity Fund Reports Nine-Month Results

Adams Diversified Equity Fund Reports Nine-Month Results

PR Newswire

BALTIMORE, Oct. 17, 2018 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. ADX today announced the Fund's results for the nine months ended September 30th. The total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 11.3%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 10.6% and 8.8%, respectively.  The total return on the market price of the Fund's shares for the period was 12.0%.

For the twelve months ended September 30th, the total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 19.6%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 17.9% and 15.7%, respectively. The total return on the market price of the Fund's shares for the period was 19.8%.

"Strong returns from our investments in Technology, Consumer Discretionary, and Industrials enabled our Fund to exceed its benchmark over the past nine and 12 months," said Mark Stoeckle, CEO of Adams Funds. "We are pleased with our performance and remain focused on continuing to deliver consistent investment returns for our shareholders."

 



NET ASSET VALUE











9/30/2018

9/30/2017

Net assets

$1,950,866,811

$1,744,456,638

Shares outstanding

100,868,448

98,684,525

Net asset value per share

$19.34

$17.68

The Fund repurchased 855,556 shares of its common stock during the past nine months at an average price per share of $15.61 and a weighted average discount to NAV of 14.2%.

The Third Quarter Report to Shareholders is expected to be released on or about October 26, 2018.

###

Since 1929, Adams Funds have consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. ADX and Adams Natural Resources Fund, Inc. PEO. The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: adamsfunds.com.

Contact:

Lyn Walther

Director of Shareholder Communications

800.638.2479 │ walther@adamsfunds.com

Cision View original content:http://www.prnewswire.com/news-releases/adams-diversified-equity-fund-reports-nine-month-results-300733154.html

SOURCE Adams Diversified Equity Fund, Inc.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsPress ReleasesBanking/Financial ServicesMutual Funds
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!