Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) to Issue Quarterly Dividend of $0.74

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) declared a quarterly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.738 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Monday, June 15th. This is a 20.0% increase from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.62.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

Shares of NASDAQ QQQX opened at $31.65 on Tuesday. The stock’s 50-day moving average is $29.26 and its two-hundred day moving average is $28.41. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1-year low of $25.00 and a 1-year high of $31.87.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.