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 annualized dividend and a dividend yield of 10.44%. The ex-dividend date is Tuesday, March 14th.
Nuveen Core Equity Alpha Fund has raised its dividend by an average of 16.5% per year over the last three years.
Get Nuveen Core Equity Alpha Fund alerts:Nuveen Core Equity Alpha Fund Price Performance
Nuveen Core Equity Alpha Fund stock opened at $12.26 on Monday. Nuveen Core Equity Alpha Fund has a fifty-two week low of $11.78 and a fifty-two week high of $17.73. The stock has a 50-day simple moving average of $12.91 and a 200-day simple moving average of $13.40.
Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Nuveen Core Equity Alpha Fund by 4.5% in the 2nd quarter. International Assets Investment Management LLC now owns 15,653 shares of the company's stock valued at $209,000 after acquiring an additional 670 shares during the period. LPL Financial LLC increased its stake in 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 valued at $1,443,000 after purchasing an additional 747 shares during the period. Advisor Group Holdings Inc. increased its stake in Nuveen Core Equity Alpha Fund by 1.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 130,088 shares of the company's stock valued at $1,760,000 after purchasing an additional 2,212 shares during the period. UBS Group AG raised its holdings 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 buying an additional 3,815 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Nuveen Core Equity Alpha Fund by 20.0% during the first quarter. Bank of America Corp DE now owns 36,083 shares of the company's stock worth $632,000 after buying an additional 6,013 shares during the period.
About Nuveen Core Equity Alpha Fund
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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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