Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Announces 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 dividend yield of 8.17%. 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 payment by an average of 2.5% annually over the last three years.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 1.1 %

Shares of QQQX stock traded up $0.30 during trading hours on Wednesday, hitting $27.41. The stock had a trading volume of 26,301 shares, compared to its average volume of 105,376. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a one year low of $22.37 and a one year high of $27.47. The stock’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.