Adams Natural Resources Fund, Inc. (NYSE:PEO) Declares Dividend of $1.03

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 1.03 per share by the financial services provider on Thursday, December 19th. The ex-dividend date is Friday, November 22nd. This is an increase from Adams Natural Resources Fund’s previous dividend of $0.16.

Adams Natural Resources Fund has raised its dividend by an average of 21.2% per year over the last three years.

Adams Natural Resources Fund Trading Down 0.4 %

PEO opened at $24.18 on Friday. The firm’s fifty day moving average price is $23.57 and its two-hundred day moving average price is $23.38. Adams Natural Resources Fund has a fifty-two week low of $19.78 and a fifty-two week high of $24.51.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 16,514 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of $22.85 per share, for a total transaction of $377,344.90. Following the transaction, the insider now directly owns 2,888,924 shares of the company’s stock, valued at $66,011,913.40. This trade represents a 0.57 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have purchased 53,103 shares of company stock worth $1,204,624. Company insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.