Adams Natural Resources Fund, Inc. (NYSE:PEO) Declares Dividend Increase – $0.53 Per Share

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a — dividend on Friday, January 17th,NASDAQ Dividends reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.53 per share by the financial services provider on Wednesday, February 26th. This represents a yield of 5.3%. The ex-dividend date of this dividend is Monday, January 27th. This is a positive change from Adams Natural Resources Fund’s previous — dividend of $0.16.

Adams Natural Resources Fund has increased its dividend by an average of 24.8% per year over the last three years.

Adams Natural Resources Fund Stock Performance

NYSE PEO opened at $23.15 on Friday. Adams Natural Resources Fund has a 1-year low of $20.21 and a 1-year high of $24.79. The stock’s 50 day simple moving average is $22.71 and its 200-day simple moving average is $23.19.

Insiders Place Their Bets

In other Adams Natural Resources Fund news, VP Gregory W. Buckley acquired 1,450 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $23.30 per share, for a total transaction of $33,785.00. Following the acquisition, the vice president now owns 17,604 shares in the company, valued at approximately $410,173.20. The trade was a 8.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.