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The company has paid dividends continuously since 1935. The Adams Express Building, the former New York headquarters for Adams Express, was constructed beginning in 1912. In 1976, Adams relocated its headquarters to Baltimore, where it is based today. [2] Adams Funds is located in Baltimore, Maryland, with an office in Boston, Massachusetts.
In 1898, the Adams Express Company declared a hundred-per-cent dividend, which has been described as a flagrant case of stock watering. [ 3 ] The last significant watered stock claim in American law occurred in 1956.
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Berkshire's initial $1.3 billion investment in American Express, completed in 1995, has since surged to $43.7 billion in value, with estimated dividend payouts reaching $409 million in 2024 alone.
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