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Last $13.88 USD
Change Today 0.00 / 0.00%
Volume 65.9K
ADX On Other Exchanges
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

adams express company (ADX) Key Developments

Adams Express Fund Announces Executive Changes

The Board of Directors of The Adams Express Company elected Mark E. Stoeckle, Chief Executive Officer, to the additional position of President, succeeding James P. Haynie, who was elected President of Petroleum & Resources Corporation, Adams Express's non-controlled affiliate. Mr. Haynie will continue to serve Adams Express as an Executive Vice President and member of the Fund's portfolio management team. In addition, D. Cotton Swindell has been elected an Executive Vice President of the Fund. He will join Mr. Stoeckle and Mr. Haynie on the portfolio management team. Nancy J. F. Prue, Executive Vice President, will be leaving the portfolio management team to assume the new role of Executive Vice President, Director of Shareholder Communications. Mr. Swindell was Vice President-Research prior to becoming Executive Vice President and will continue to follow the industrials sector in his new position. He joined Adams Express in 2002 as a research analyst covering the industrials sector. He was promoted to Vice President-Research in 2004, covering the financials and industrials sectors. Prior to joining Adams Express, he was a securities analyst with Wachovia Securities and with Alex. Ms. Prue will become Executive Vice President, Director of Shareholder Communications for both Adams Express and Petroleum & Resources. In this newly-formed role, she will report directly to Mr. Stoeckle.

The Adams Express Company Declares Dividend, Payable on March 2, 2015

The Adams Express Company's board of directors authorised a dividend of USD 0.05 per share. This dividend is comprised of USD 0.02 net investment income, USD 0.01 short-term capital gain and USD 0.01 long-term capital gain, all realized in 2014, along with USD 0.01 net investment income realized in 2015. Shareholders of record on 12 February 2015 will be receive the dividend payment on 2 March 2015.

The Adams Express Company to Report Fiscal Year 2014 Results on Feb 27, 2015

The Adams Express Company announced that they will report fiscal year 2014 results at 9:28 PM, GMT Standard Time on Feb 27, 2015

Adams Express Fund Declares Year-End Distribution, Payable on December 29, 2014

Adams Express declared a year-end distribution of $1.03 per share. The total distributions by the Fund for 2014 will be $1.18, including the distributions of $0.15 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 8.8%. The year-end distribution consists of the following: $0.95 per share from net capital gains realized during 2014, comprised of $0.05 short-term and $0.90 long-term capital gain; and $0.08 per share from 2014 net investment income. The payable date for the distribution is December 29, 2014, the record date is November 24, 2014, and the ex-dividend date is November 20, 2014. Both payments are payable in stock or cash at the option of each shareholder.

Michael E. Rega Joins Adams Express and Petroleum & Resources Funds as Vice President-Research

Michael E. Rega, CFA, joined Adams Express and Petroleum & Resources as Vice President-Research for the funds on September 2, 2014. Mr. Rega brings a diverse background and work experience to Adams Express and Petroleum & Resources. He comes to the funds from the global investment management firm BNP Paribas Investment Partners, in Boston, where he most recently served as senior equity analyst and portfolio manager and worked with Mark Stoeckle, the funds' Chief Executive Officer, and Jim Haynie, President of Adams Express and Executive Vice President of Petroleum & Resources.


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