Adams Natural Resources Fund, Inc. (NYSE:PEO) Declares Dividend Increase – $1.03 Per Share

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a quarterly dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 1.03 per share by the financial services provider on Thursday, December 19th. This represents a $4.12 dividend on an annualized basis and a yield of 16.90%. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

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

Adams Natural Resources Fund Stock Performance

NYSE PEO opened at $24.38 on Thursday. The stock’s 50-day simple moving average is $23.71 and its two-hundred day simple moving average is $23.41. Adams Natural Resources Fund has a twelve month low of $19.78 and a twelve month high of $24.51.

Insider Buying and Selling at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. bought 10,476 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $22.19 per share, with a total value of $232,462.44. Following the completion of the purchase, the insider now directly owns 2,864,659 shares of the company’s stock, valued at $63,566,783.21. This trade represents a 0.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 42,045 shares of company stock worth $953,608 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

About Adams Natural Resources Fund

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.