Adams Natural Resources Fund Inc (NYSE:PEO) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.10 per share by the financial services provider on Thursday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, February 15th.
Adams Natural Resources Fund has decreased its dividend payment by an average of 14.5% annually over the last three years.
Adams Natural Resources Fund (PEO) traded down $0.08 during mid-day trading on Friday, hitting $20.96. 100,391 shares of the company’s stock traded hands, compared to its average volume of 103,384. The stock has a market capitalization of $598.43, a price-to-earnings ratio of -149.71 and a beta of 1.10. Adams Natural Resources Fund has a 1-year low of $16.90 and a 1-year high of $21.29.
Adams Natural Resources Fund, Inc (the Fund) is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. The Fund specializes in energy and other natural resources stocks.
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