Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Rating) announced a — dividend on Monday, October 10th, Wall Street Journal reports. Investors of record on Monday, October 17th will be paid a dividend of 0.7503 per share on Tuesday, November 1st. This represents a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, October 14th. This is a positive change from Nuveen Core Equity Alpha Fund's previous — dividend of $0.62.
Nuveen Core Equity Alpha Fund has raised its dividend by an average of 18.3% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.
Get Nuveen Core Equity Alpha Fund alerts:Nuveen Core Equity Alpha Fund Stock Down 5.3 %
Shares of NYSE:JCE traded down $0.84 during midday trading on Monday, reaching $14.88. 86,231 shares of the company's stock were exchanged, compared to its average volume of 64,452. The firm's 50 day simple moving average is $14.41 and its two-hundred day simple moving average is $14.57. Nuveen Core Equity Alpha Fund has a fifty-two week low of $11.78 and a fifty-two week high of $18.60.
Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund
Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in Nuveen Core Equity Alpha Fund by 4.9% in the 1st quarter. Invesco Ltd. now owns 197,418 shares of the company's stock valued at $3,463,000 after acquiring an additional 9,211 shares in the last quarter. LPL Financial LLC grew its position in Nuveen Core Equity Alpha Fund by 0.7% in the 2nd quarter. LPL Financial LLC now owns 108,087 shares of the company's stock valued at $1,443,000 after acquiring an additional 747 shares in the last quarter. UBS Group AG grew its position in shares of Nuveen Core Equity Alpha Fund by 5.2% during the first quarter. UBS Group AG now owns 77,458 shares of the company's stock worth $1,359,000 after buying an additional 3,815 shares in the last quarter. Bank of America Corp DE grew its position in shares of Nuveen Core Equity Alpha Fund by 20.0% during the first quarter. Bank of America Corp DE now owns 36,083 shares of the company's stock worth $632,000 after buying an additional 6,013 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Nuveen Core Equity Alpha Fund by 4.5% during the second quarter. International Assets Investment Management LLC now owns 15,653 shares of the company's stock worth $209,000 after buying an additional 670 shares in the last quarter.About Nuveen Core Equity Alpha Fund
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Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options.
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