Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Declares Quarterly Dividend of $0.27

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) declared a quarterly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.2725 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, March 13th.

Nuveen S&P 500 Buy-Write Income Fund Stock Up 0.2%

Shares of NYSE:BXMX traded up $0.04 during midday trading on Wednesday, reaching $14.41. The company’s stock had a trading volume of 52,106 shares, compared to its average volume of 151,347. The firm has a 50 day moving average of $14.69 and a 200-day moving average of $14.46. Nuveen S&P 500 Buy-Write Income Fund has a 12-month low of $11.25 and a 12-month high of $15.00.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX) is a closed-end management investment company that seeks to provide investors with a combination of current income and capital appreciation. The fund primarily invests in a diversified portfolio of common stocks included in the S&P 500 Index. To supplement dividend income and potentially enhance total return, the fund employs a covered call option strategy, writing call options on either the S&P 500 Index or selected individual holdings.

Under its buy-write approach, the fund purchases underlying equity securities and sells call options on those securities or on a broad market index.