The Adams Express Company is a publicly traded diversified equity fund that traces its roots to a 19th century freight and cargo transport company. 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 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.
Adams Express is one of the oldest companies listed on the New York Stock Exchange (NYSE: ADX) and one of only five companies that continues to operate as a closed-end fund since 1929. The Company has paid dividends continuously since 1935.
Read more about Adams Express Company: History, Cultural References
Famous quotes containing the words adams, express and/or company:
“The Virgin filled so enormous a space in the life and thought of the time that one stands now helpless before the mass of testimony to her direct action and constant presence in every moment and form of the illusion which men thought they thought their existence.”
—Henry Brooks Adams (1838–1918)
“I cannot express the pleasure I have in writing down my thoughts [in her journal], at the very moment—my opinion of people when I first see them, and how I alter, or how confirm myself in it—and I am much deceived in my foresight, if I shall not have very great delight in reading this living proof of my manner of passing my time, my sentiments, my thoughts of people I know, and a thousand other things in future.”
—Frances Burney (1752–1840)
“We noticed several other sandy tracts in our voyage; and the course of the Merrimack can be traced from the nearest mountain by its yellow sand-banks, though the river itself is for the most part invisible. Lawsuits, as we hear, have in some cases grown out of these causes. Railroads have been made through certain irritable districts, breaking their sod, and so have set the sand to blowing, till it has converted fertile farms into deserts, and the company has had to pay the damages.”
—Henry David Thoreau (1817–1862)