Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) to Issue Quarterly Dividend of $0.56 on December 31st

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) announced a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Investors 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 8.18%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42.

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

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

QQQX traded up $0.28 on Wednesday, reaching $27.39. 12,789 shares of the company’s stock were exchanged, compared to its average volume of 105,344. The stock’s fifty day moving average price is $25.77 and its 200-day moving average price is $25.02. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a twelve month low of $22.37 and a twelve month high of $27.39.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.