BALTIMORE, Nov. 10, 2016 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) declared today a year-end distribution of $0.84 per share. The total distributions by the Fund for 2016 will be $0.99, including the distributions of $0.15 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 7.8%.
The year-end distribution consists of the following:
$0.79 per share from net capital gains realized during 2016, comprised all of long-term gain.
$0.05 per share from 2016 net investment income.
This marks the 52 nd consecutive year that the Fund has paid out capital gains and the 81 st 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: "Our 7.8% distribution rate for this year exceeds 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. We are proud of our long history of providing dividend income and capital gains to our shareholders and this year's distributions add to that exceptional track record."