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Article: The Adams Express Company Declares Dividend and Announces First Quarter Performance.
- Article from:
- Science Letter
- Article date:
- April 21, 2009
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The Board of Directors of The Adams Express Company (NYSE:ADX) today declared an interim dividend of $0.05 per share, payable June 1, 2009, to stockholders of record May 15, 2009, and announced the Fund's benchmark-beating performance for the first quarter (see also The Adams Express Company).
First Quarter Performance Tops Benchmarks
For the three months ended March 31st, the total return on Adams Express' net asset value, with dividends and capital gains reinvested, was -8.1 %. Comparable figures for the Standard & Poor's 500 Index and the Lipper Large-Cap Core Mutual Fund Average were -11.0 % and ...