Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Announces $0.29 Quarterly Dividend

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Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXXGet Rating) announced a quarterly dividend on Wednesday, June 1st, Zacks reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.294 per share by the investment management company on Friday, July 1st. This represents a $1.18 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Tuesday, June 14th.

Nuveen S&P 500 Dynamic Overwrite Fund has decreased its dividend payment by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Shares of SPXX stock traded down $0.17 on Friday, hitting $16.51. The stock had a trading volume of 1,253 shares, compared to its average volume of 55,146. The business has a 50 day moving average of $16.89 and a 200 day moving average of $17.41. Nuveen S&P 500 Dynamic Overwrite Fund has a 12-month low of $14.88 and a 12-month high of $19.34.

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 29.5% in the fourth quarter. Invesco Ltd. now owns 338,252 shares of the investment management company’s stock valued at $6,291,000 after purchasing an additional 77,022 shares during the last quarter. Morgan Stanley increased its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 8.6% during the third quarter. Morgan Stanley now owns 353,829 shares of the investment management company’s stock worth $6,047,000 after buying an additional 28,165 shares during the last quarter. UBS Group AG increased its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 4.6% during the first quarter. UBS Group AG now owns 316,029 shares of the investment management company’s stock worth $5,679,000 after buying an additional 13,879 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 145.8% during the first quarter. Advisors Asset Management Inc. now owns 141,236 shares of the investment management company’s stock worth $2,538,000 after buying an additional 83,766 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 13.5% during the fourth quarter. LPL Financial LLC now owns 122,146 shares of the investment management company’s stock worth $2,272,000 after buying an additional 14,539 shares during the last quarter.

About Nuveen S&P 500 Dynamic Overwrite Fund (Get Rating)

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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