Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) to Issue $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 given 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 is Friday, March 14th.

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

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

NYSE:BXMX traded down $0.11 on Tuesday, reaching $13.57. The stock had a trading volume of 225,682 shares, compared to its average volume of 179,439. The firm’s fifty day moving average is $14.02 and its two-hundred day moving average is $13.82. Nuveen S&P 500 Buy-Write Income Fund has a 12-month low of $12.45 and a 12-month high of $14.34.

Insider Activity

In other news, VP David J. Lamb sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $14.20, for a total transaction of $42,600.00. Following the completion of the transaction, the vice president now owns 806 shares of the company’s stock, valued at $11,445.20. This represents a 78.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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.