Nuveen Core Equity Alpha Fund (NYSE:JCE) Plans Quarterly Dividend of $0.36

Nuveen Core Equity Alpha Fund (NYSE:JCE) declared a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.364 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, June 15th. This is a 7.1% increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34.

Nuveen Core Equity Alpha Fund Price Performance

Shares of NYSE JCE opened at $16.61 on Tuesday. The firm has a fifty day moving average of $15.74 and a 200 day moving average of $15.78. Nuveen Core Equity Alpha Fund has a one year low of $13.99 and a one year high of $16.71.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Advisors LLC grew its holdings in shares of Nuveen Core Equity Alpha Fund by 217.7% during the third quarter. Cornerstone Advisors LLC now owns 181,517 shares of the company’s stock worth $2,855,000 after buying an additional 124,383 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Nuveen Core Equity Alpha Fund during the third quarter worth $1,186,000. PMG Family Office LLC purchased a new stake in shares of Nuveen Core Equity Alpha Fund during the third quarter worth $440,000. Invesco Ltd. grew its holdings in shares of Nuveen Core Equity Alpha Fund by 11.2% during the fourth quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock worth $4,306,000 after buying an additional 27,289 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its position in shares of Nuveen Core Equity Alpha Fund by 3.8% during the 4th quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock valued at $8,938,000 after acquiring an additional 20,479 shares during the last quarter.

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.