Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Announces $0.27 Quarterly Dividend

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) declared a quarterly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.2725 per share by the financial services provider on Tuesday, April 1st. This represents a $1.09 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen S&P 500 Buy-Write Income Fund has increased its dividend by an average of 4.5% annually over the last three years.

Nuveen S&P 500 Buy-Write Income Fund Trading Down 0.8 %

Shares of NYSE:BXMX traded down $0.11 during midday trading on Tuesday, reaching $13.57. 225,682 shares of the company were exchanged, compared to its average volume of 179,439. Nuveen S&P 500 Buy-Write Income Fund has a fifty-two week low of $12.45 and a fifty-two week high of $14.34. The stock has a fifty day simple moving average of $14.02 and a two-hundred day simple moving average of $13.82.

Insider Activity

In other news, VP David J. Lamb sold 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $14.20, for a total value of $42,600.00. Following the sale, the vice president now owns 806 shares of the company’s stock, valued at $11,445.20. The trade was a 78.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About Nuveen S&P 500 Buy-Write Income Fund

Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.