Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Declares Quarterly Dividend of $0.42

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) declared a quarterly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.4215 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Tuesday, September 15th.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Up 0.2%

Nuveen S&P 500 Dynamic Overwrite Fund stock traded up $0.03 during midday trading on Wednesday, reaching $19.09. The company’s stock had a trading volume of 71,330 shares, compared to its average volume of 193,447. Nuveen S&P 500 Dynamic Overwrite Fund has a fifty-two week low of $15.78 and a fifty-two week high of $19.39. The business has a 50-day simple moving average of $18.74 and a 200-day simple moving average of $17.92.

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.