The Adams Express Company (NYSE: ADX) is a publicly-traded diversified equity fund. The Company uses a conservative investment philosophy and the portfolio is managed with the expectation that it will generate solid returns with lower-than-market risk for long-term investors. Investments are made with an eye towards protecting your original investment and generating dividends and capital gains that can be used as a source of income or reinvested to increase your holdings in the Fund.
One of the oldest companies listed on the New York Stock Exchange, Adams Express has been structured as a closed-end fund since 1929. The Company has paid dividends continuously since 1935.
In September 2011, the Board of Directors committed that the Company will annually distribute to stockholders 6% of the Company’s trailing 12-month average month end market price. This means Adams Express stockholders can count on receiving a 6% annual distribution, or more, for the foreseeable future in both up and down markets. The Board of Directors and the Fund's management team have taken this action to demonstrate our commitment to providing our stockholders with consistent, predictable distributions for years to come. Adams Express has made distributions every year for over 75 years. For more information, please click on 6% distribution.