Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Rating) declared a quarterly dividend on Thursday, December 1st, Zacks reports. Investors of record on Thursday, December 15th will be paid a dividend of 0.294 per share by the investment management company on Friday, December 30th. This represents a $1.18 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date of this dividend is Wednesday, December 14th.
Nuveen S&P 500 Dynamic Overwrite Fund has decreased its dividend payment by an average of 4.4% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Get Nuveen S&P 500 Dynamic Overwrite Fund alerts:Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance
Shares of SPXX opened at $17.86 on Friday. The company's fifty day simple moving average is $16.47 and its 200 day simple moving average is $16.18. Nuveen S&P 500 Dynamic Overwrite Fund has a 1-year low of $14.68 and a 1-year high of $18.92.
Institutional Investors Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates increased its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 18.1% during the 1st quarter. Raymond James & Associates now owns 44,645 shares of the investment management company's stock valued at $802,000 after purchasing an additional 6,830 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at $190,000. UBS Group AG increased its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 4.6% during the 1st quarter. UBS Group AG now owns 316,029 shares of the investment management company's stock valued at $5,679,000 after purchasing an additional 13,879 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 328.9% during the 1st quarter. Guggenheim Capital LLC now owns 63,077 shares of the investment management company's stock valued at $1,133,000 after purchasing an additional 48,372 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 145.8% during the 1st quarter. Advisors Asset Management Inc. now owns 141,236 shares of the investment management company's stock valued at $2,538,000 after purchasing an additional 83,766 shares during the last quarter.Nuveen S&P 500 Dynamic Overwrite Fund Company Profile
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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.
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