Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) to Issue Quarterly Dividend of $0.25 on October 2nd

Nuveen S&P 500 Dynamic Overwrite Fund (NASDAQ:SPXX) declared a quarterly dividend on Tuesday, September 5th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.2525 per share on Monday, October 2nd. This represents a $1.01 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Thursday, September 14th. This is an increase from Nuveen S&P 500 Dynamic Overwrite Fund’s previous quarterly dividend of $0.24.

Shares of Nuveen S&P 500 Dynamic Overwrite Fund (NASDAQ:SPXX) traded down 0.13% on Wednesday, reaching $15.47. The company had a trading volume of 24,234 shares. Nuveen S&P 500 Dynamic Overwrite Fund has a 52-week low of $13.07 and a 52-week high of $16.47. The company has a 50 day moving average price of $15.37 and a 200 day moving average price of $15.35.

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About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund (the Fund) is a closed-end fund. The Fund’s investment objective is to seek attractive total return with less volatility than the S&P 500 Index. It pursues its investment strategy by emphasizing index call options on the S&P 500 Index, as well as a range of options, including index options on other broad-based indexes and options on custom baskets of stocks in addition to exchange-traded funds (ETFs).

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