Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Plans $0.34 Quarterly Dividend

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) announced a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.3375 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, March 13th.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Up 0.3%

Shares of SPXX traded up $0.06 during trading hours on Wednesday, reaching $17.31. 39,507 shares of the stock traded hands, compared to its average volume of 54,752. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $14.33 and a 52 week high of $18.41. The stock has a fifty day simple moving average of $17.89 and a 200 day simple moving average of $17.78.

About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end management investment company that seeks to provide attractive current income and total return potential through a dynamic options strategy. The fund primarily holds a portfolio of large-cap U.S. equities, corresponding closely to the constituents of the S&P 500 Index. In conjunction with its equity holdings, SPXX employs a covered-call, or “overwrite,” approach, writing call options on the underlying equity positions with varying strike prices and maturities to generate option premiums and enhance income for shareholders.

Launched and managed by Nuveen, the asset management arm of TIAA, the fund leverages Nuveen’s extensive experience in equity and options markets.