Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Rating) declared a quarterly dividend on Wednesday, March 1st, Zacks reports. Shareholders of record on Wednesday, March 15th will be paid a dividend of 0.32 per share on Monday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 10.44%. The ex-dividend date of this dividend is Tuesday, March 14th.
Nuveen Core Equity Alpha Fund has raised its dividend by an average of 16.5% annually over the last three years.
Get Nuveen Core Equity Alpha Fund alerts:Nuveen Core Equity Alpha Fund Trading Down 2.3 %
NYSE JCE opened at $12.26 on Friday. Nuveen Core Equity Alpha Fund has a 12-month low of $11.78 and a 12-month high of $17.73. The firm's 50 day moving average is $12.91 and its 200-day moving average is $13.42.
Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its position in shares of Nuveen Core Equity Alpha Fund by 5.2% in the first quarter. UBS Group AG now owns 77,458 shares of the company's stock valued at $1,359,000 after acquiring an additional 3,815 shares during the period. Invesco Ltd. lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 4.9% in the first quarter. Invesco Ltd. now owns 197,418 shares of the company's stock worth $3,463,000 after acquiring an additional 9,211 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 20.0% in the first quarter. Bank of America Corp DE now owns 36,083 shares of the company's stock worth $632,000 after acquiring an additional 6,013 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 0.7% in the second quarter. LPL Financial LLC now owns 108,087 shares of the company's stock worth $1,443,000 after acquiring an additional 747 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 4.5% in the second quarter. International Assets Investment Management LLC now owns 15,653 shares of the company's stock worth $209,000 after acquiring an additional 670 shares during the last quarter.
Nuveen Core Equity Alpha Fund Company Profile
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Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options.
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