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    Adams Diversified Equity Fund Announces 2023 Performance

    BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2023.

    The total return on the Fund’s net asset value for 2023 was 27.5%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar U.S. Large Blend Category were 26.3% and 24.1%, respectively. The total return on the Fund’s market price for the period was 31.2%. “We were pleased to generate a 27.5% return in 2023, outperforming our benchmark and 3.4% ahead of our peer group,” said Jim Haynie, CEO of Adams Funds.

    The Fund paid $1.30 per share in income dividends and realized capital gain distributions to shareholders in 2023, producing an annual distribution rate of 8.1%, exceeding the Fund’s annual 6% minimum distribution rate commitment. Details regarding the annual 6% minimum distribution rate commitment can be found at adamsfunds.com.

    The 2023 Annual Report is expected to be released on or about February 15, 2024.

     
    ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/23)


      1 Year 3 Year 5 Year
    Adams Diversified Equity Fund (NAV) 27.5% 11.0% 16.4%
    Adams Diversified Equity Fund (market price) 31.2% 11.0% 16.8%
    Morningstar U.S. Large Blend Category 24.1% 8.9% 14.5%
    S&P 500 26.3% 10.0% 15.7%
           


    NET ASSET VALUE ANNOUNCED

    The Fund’s net asset value at the end of 2023, compared with the year earlier, was:

           
      12/31/23   12/31/22
    Net assets $2,550,393,350   $2,100,737,733
    Shares outstanding 124,051,639   120,900,484
    Net asset value per share $20.56   $17.38
           

     

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    Adams Diversified Equity Fund Announces 2023 Performance BALTIMORE, Jan. 18, 2024 (GLOBE NEWSWIRE) - Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2023. The total return on the Fund’s net asset value for 2023 was 27.5%, with dividends and …