|
|
Article: The Adams Express Company Declares Dividend and Reports Outperformance for the First Half of 2009.
- Article from:
- Science Letter
- Article date:
- July 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Board of Directors of The Adams Express Company (NYSE:ADX) today declared a dividend of $0.05 per share, payable September 1, 2009, to stockholders of record on August 14, 2009, and announced the strong performance turned in by the Fund for the first half of 2009 (see also Adams Express Company).
Adams Express Continues to Outperform its Benchmarks
For the six months ended June 30th, the total return on Adams Express' net asset value, with dividends and capital gains reinvested, was 6.5%. Comparable figures for the Standard & Poor's 500 Index ("S&P 500") and the Lipper Large-Cap Core Mutual Fund Average were 3.2% and 4.8%, respectively. The total ...