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Nuveen S&P 500 Buy-Write Income Fund to Issue Quarterly Dividend of $0.24 (NYSE:BXMX)

kopsource ·  Mar 13, 2023 09:19

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX – Get Rating) announced a quarterly dividend on Wednesday, March 1st, Zacks reports. Stockholders of record on Wednesday, March 15th will be paid a dividend of 0.236 per share by the financial services provider on Monday, April 3rd. This represents a $0.94 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Tuesday, March 14th.

Nuveen S&P 500 Buy-Write Income Fund has increased its dividend payment by an average of 0.6% per year over the last three years and has increased its dividend every year for the last 1 years.

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Nuveen S&P 500 Buy-Write Income Fund Stock Performance

Shares of BXMX stock opened at $12.84 on Monday. The stock's 50-day moving average price is $13.18 and its 200 day moving average price is $13.02. Nuveen S&P 500 Buy-Write Income Fund has a 52-week low of $11.72 and a 52-week high of $14.45.

Hedge Funds Weigh In On Nuveen S&P 500 Buy-Write Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of BXMX. Steward Partners Investment Advisory LLC lifted its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 3.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 44,506 shares of the financial services provider's stock worth $563,000 after acquiring an additional 1,505 shares during the period. International Assets Investment Management LLC boosted its holdings in Nuveen S&P 500 Buy-Write Income Fund by 10.1% in the 1st quarter. International Assets Investment Management LLC now owns 30,093 shares of the financial services provider's stock valued at $429,000 after purchasing an additional 2,766 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the 2nd quarter worth approximately $320,000. Baird Financial Group Inc. raised its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 4.8% during the 4th quarter. Baird Financial Group Inc. now owns 21,678 shares of the financial services provider's stock worth $274,000 after buying an additional 1,001 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund in the 1st quarter valued at approximately $239,000.

About Nuveen S&P 500 Buy-Write Income Fund

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Nuveen S&P 500 Buy-Write Income Fund is a closed-end investment trust, which invests in an equity portfolio of securities. It aims to seek total return with less volatility than the S&P 500 Index. The company was founded on October 26, 2004 and is headquartered in Chicago, IL.

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