Adams Natural Resources Fund, Inc. Plans Quarterly Dividend of $0.10 (NYSE:PEO)

Adams Natural Resources Fund, Inc. (NYSE:PEO) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.10 per share by the financial services provider on Friday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 16th.

Adams Natural Resources Fund has raised its dividend payment by an average of 14.2% annually over the last three years.

Adams Natural Resources Fund Trading Up 1.0 %

Shares of NYSE:PEO traded up $0.22 during trading on Friday, hitting $23.37. 30,221 shares of the company were exchanged, compared to its average volume of 35,396. The stock has a 50 day moving average of $22.30 and a 200 day moving average of $21.48. Adams Natural Resources Fund has a 52-week low of $19.22 and a 52-week high of $24.25.

Insiders Place Their Bets

In other news, VP Gregory W. Buckley purchased 3,350 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $20.50 per share, with a total value of $68,675.00. Following the completion of the acquisition, the vice president now owns 12,936 shares in the company, valued at approximately $265,188. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its stake in Adams Natural Resources Fund by 16.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 16,909 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 2,370 shares during the last quarter. LPL Financial LLC bought a new position in shares of Adams Natural Resources Fund during the fourth quarter valued at about $315,000. Buckingham Strategic Wealth LLC bought a new position in shares of Adams Natural Resources Fund during the fourth quarter valued at about $310,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Adams Natural Resources Fund by 5.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,504 shares of the financial services provider’s stock valued at $283,000 after buying an additional 724 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new position in shares of Adams Natural Resources Fund during the fourth quarter valued at about $260,000. Institutional investors own 33.54% 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.