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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.4215 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Monday, June 15th. This is a 24.9% increase from Nuveen S&P 500 Dynamic Overwrite Fund’s previous quarterly dividend of $0.34.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Down 0.3%

Shares of SPXX opened at $18.38 on Tuesday. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $15.78 and a 52 week high of $18.45. The business’s fifty day moving average price is $17.28 and its two-hundred day moving average price is $17.58.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 393.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,568 shares of the investment management company’s stock worth $28,000 after buying an additional 1,250 shares in the last quarter. CENTRAL TRUST Co bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter worth about $29,000. Sunbelt Securities Inc. acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter valued at approximately $40,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter worth approximately $41,000.

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.