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

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a dividend on Thursday, November 14th,NASDAQ Dividends reports. Investors 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. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost 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 Stock Down 0.4 %

Shares of PEO traded down $0.10 during mid-day trading on Friday, reaching $24.18. 40,415 shares of the stock traded hands, compared to its average volume of 39,223. Adams Natural Resources Fund has a 1 year low of $19.78 and a 1 year high of $24.51. The firm has a fifty day moving average price of $23.53 and a 200 day moving average price of $23.37.

Insider Buying and Selling

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. purchased 13,785 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $22.76 per share, with a total value of $313,746.60. Following the completion of the purchase, the insider now owns 2,853,687 shares of the company’s stock, valued at $64,949,916.12. The trade was a 0.49 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have purchased 53,103 shares of company stock worth $1,204,624. 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.