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

Nuveen Core Equity Alpha Fund (NYSE:JCE) announced a quarterly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.364 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date 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. Nuveen Core Equity Alpha Fund has a 52 week low of $13.99 and a 52 week high of $16.71. The company’s 50 day moving average is $15.74 and its two-hundred day moving average is $15.78.

Institutional Trading of Nuveen Core Equity Alpha Fund

Several hedge funds have recently made changes to their positions in JCE. Shaker Financial Services LLC lifted its stake in shares of Nuveen Core Equity Alpha Fund by 3.8% in the fourth quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock valued at $8,938,000 after purchasing an additional 20,479 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Nuveen Core Equity Alpha Fund by 2.7% in the second quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock valued at $8,095,000 after purchasing an additional 13,942 shares during the period. Invesco Ltd. lifted its stake in shares of Nuveen Core Equity Alpha Fund by 11.2% in the fourth quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock valued at $4,306,000 after purchasing an additional 27,289 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Nuveen Core Equity Alpha Fund by 5.6% in the fourth quarter. Guggenheim Capital LLC now owns 268,892 shares of the company’s stock valued at $4,286,000 after purchasing an additional 14,280 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in Nuveen Core Equity Alpha Fund by 4.2% during the 4th quarter. Osaic Holdings Inc. now owns 181,869 shares of the company’s stock valued at $2,899,000 after acquiring an additional 7,322 shares in 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.