Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) to Issue Quarterly Dividend of $0.34 on April 1st

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) declared a quarterly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.3375 per share by the investment management company on Tuesday, April 1st. This represents a $1.35 annualized dividend and a yield of 7.84%. The ex-dividend date is Friday, March 14th.

Nuveen S&P 500 Dynamic Overwrite Fund has increased its dividend by an average of 7.6% per year over the last three years.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Up 0.4 %

Shares of SPXX stock traded up $0.07 during mid-day trading on Wednesday, reaching $17.23. 12,668 shares of the company’s stock traded hands, compared to its average volume of 61,167. Nuveen S&P 500 Dynamic Overwrite Fund has a 12 month low of $14.91 and a 12 month high of $18.52. The firm has a 50 day moving average price of $17.90 and a two-hundred day moving average price of $17.32.

About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.