"Adams Diversified Equity Fund has distributed income to shareholders since 1929, making it one of the oldest closed-end funds in the United States, with a yield of roughly 8%."
"The fund generates income through two distinct channels: dividends paid by its underlying equity holdings and realized capital gains distributed to shareholders."
"NVIDIA and Apple are the two largest positions but neither is a meaningful dividend contributor, with NVIDIA paying just $0.01 per quarter and Apple $0.26."
"The real income anchor is Johnson & Johnson, which just raised its quarterly dividend 3.1% to $1.34 per share, marking its 64th consecutive year of dividend increases."
Adams Diversified Equity Fund, one of the oldest closed-end funds, has provided income to shareholders since 1929. It generates income through dividends from equity holdings and realized capital gains. The fund targets an annual distribution rate of 8% of NAV, with quarterly payments and a year-end special distribution. Its largest holdings include NVIDIA, Apple, and Microsoft, which contribute little to income. Johnson & Johnson is a significant income contributor, recently increasing its dividend, marking its 64th consecutive year of increases.
Read at 24/7 Wall St.
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