Nuveen (SPXX) has announced its upcoming dividend details. The ex-dividend date is set for Jun 13, 2025, following the announcement on Jun 2, 2025, with the payment scheduled for Jul 1, 2025. Shareholders will receive a dividend of $0.338 per share, which is higher compared to the average of the last ten dividends, calculated at $0.258 per share. The previous dividend was distributed on Apr 1, 2025, also amounting to $0.338 per share. Both dividends are categorized as cash dividends.
As of late,
S&P 500 Dynamic Overwrite Fund (SPXX) has been spotlighted in several news reports. Recently, analysts have projected a short-term upward trend, estimating a 2.61% increase in SPXX's stock price over the next three months, with a 90% probability of the price ranging between $15.55 and a higher value. Furthermore, reports have highlighted that the fund currently yields 7.3% and remains relatively stable when factoring in reinvested dividends. Over the past week, financial updates have noted that the fund will continue to distribute an annual dividend of $1.35 per share, with a quarterly yield of 7.77%, confirming the next ex-dividend date as Jun 13, 2025.
In conclusion, Nuveen's upcoming ex-dividend date on Jun 13, 2025, marks the last opportunity for investors to purchase shares and qualify for the dividend payout. Any acquisitions post this date will not be eligible for the current dividend distribution.
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