Nuveen Core Equity Alpha Fund (NYSE:JCE) Raises Dividend to $0.34 Per Share

Nuveen Core Equity Alpha Fund (NYSE:JCE) announced a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.34 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, March 13th. This is a 6.3% increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

Nuveen Core Equity Alpha Fund Trading Down 0.9%

Shares of JCE stock traded down $0.15 on Wednesday, reaching $15.75. 3,933 shares of the stock were exchanged, compared to its average volume of 50,495. The firm has a 50 day moving average of $15.93 and a two-hundred day moving average of $15.79. Nuveen Core Equity Alpha Fund has a 1-year low of $12.51 and a 1-year high of $16.31.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a diversified, closed-end management investment company sponsored by Nuveen, a TIAA company. The fund’s primary objective is to seek total return through a combination of income and capital appreciation. Nuveen Core Equity Alpha Fund manages its portfolio primarily in U.S. equity securities, focusing on established, large-capitalization companies across multiple sectors.

Under the direction of Nuveen’s equity specialists, the fund employs a bottom-up research process to identify companies with attractive valuation, quality earnings prospects and sustainable cash flow.