Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) to Issue Dividend Increase – $0.56 Per Share

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) declared a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.56 per share on Tuesday, December 31st. This represents a $2.24 annualized dividend and a yield of 8.26%. The ex-dividend date is Friday, December 13th. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42.

Nuveen Nasdaq 100 Dynamic Overwrite Fund has raised its dividend by an average of 2.5% annually over the last three years.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

Nuveen Nasdaq 100 Dynamic Overwrite Fund stock opened at $27.11 on Wednesday. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1 year low of $22.37 and a 1 year high of $27.34. The firm’s 50 day moving average price is $25.77 and its two-hundred day moving average price is $25.02.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.