Adams Diversified Equity Fund, Inc., formerly Adams Express Company, is a publicly traded diversified equity fund. It was founded in 1854 and traces its roots to a 19th-century freight and cargo transport business.
The Adams Express Building was constructed in 1911 and Adams Express is one of the oldest companies listed on the New York Stock Exchange (NYSE: ADX). It is one of only five companies that has continued to operate as a closed-end fund since 1929. The company has paid dividends continuously since 1935.
Adams Funds uses a conservative investment philosophy and its 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 toward protecting investors’ original investments and generating dividends and capital gains that can be used as a source of income or reinvested to increase investor holdings in the Fund.
Traded as: NYSE: ADX
Industry: Investment
Founded: 1854
Founder: Alvin Adams
Headquarters: Baltimore, Maryland, U. S.
Website: www.adamsfunds.com