Nuveen Core Equity Alpha Fund (NYSE:JCE) to Issue Dividend Increase – $0.36 Per Share

Nuveen Core Equity Alpha Fund (NYSE:JCE) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.364 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a 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 Stock Down 0.1%

JCE stock opened at $16.61 on Tuesday. The business has a 50-day moving average of $15.74 and a 200-day moving average of $15.78. Nuveen Core Equity Alpha Fund has a fifty-two week low of $13.99 and a fifty-two week high of $16.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of JCE. Cornerstone Advisors LLC boosted its position in shares of Nuveen Core Equity Alpha Fund by 217.7% during the third quarter. Cornerstone Advisors LLC now owns 181,517 shares of the company’s stock worth $2,855,000 after buying an additional 124,383 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Nuveen Core Equity Alpha Fund during the third quarter worth about $1,186,000. PMG Family Office LLC acquired a new position in Nuveen Core Equity Alpha Fund during the third quarter valued at approximately $440,000. Invesco Ltd. boosted its position in Nuveen Core Equity Alpha Fund by 11.2% during 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 last quarter. Finally, Shaker Financial Services LLC boosted its position in Nuveen Core Equity Alpha Fund by 3.8% during 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 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.