Nuveen S&P 500 Dynamic Overwrite Fund Announces Quarterly Dividend of $0.42 (NYSE:SPXX)

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXXGet Free Report) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.4215 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Tuesday, September 15th.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Up 0.0%

Shares of NYSE SPXX traded up $0.01 during midday trading on Wednesday, hitting $19.07. The stock had a trading volume of 80,164 shares, compared to its average volume of 193,634. The business’s 50 day moving average is $18.74 and its 200-day moving average is $17.92. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $15.78 and a 52 week high of $19.39.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end management investment company that seeks to provide attractive current income and total return potential through a dynamic options strategy. The fund primarily holds a portfolio of large-cap U.S. equities, corresponding closely to the constituents of the S&P 500 Index. In conjunction with its equity holdings, SPXX employs a covered-call, or “overwrite,” approach, writing call options on the underlying equity positions with varying strike prices and maturities to generate option premiums and enhance income for shareholders.

Launched and managed by Nuveen, the asset management arm of TIAA, the fund leverages Nuveen’s extensive experience in equity and options markets.

See Also

Dividend History for Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX)

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