2 Ridiculed 7%+ Dividends Set To Shock The Market [Forbes]
Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=bxmx
Company Research
Source: Forbes
Photo Credit: Getty I’m sure you noticed that when America decided on a Republican-majority Senate and Democrat-majority House, the markets jumped. The best news: it’s just the beginning of what’s likely to be a long-term uptrend in stocks. So if you sold during the recent market panic, you’re going to miss out on that upswing—that is, unless you buy now. But what to buy? While the SPDR S&P 500 ETF is already up 3.6% since the end of October, it still has gains ahead because of slower investors who haven’t come back into the market after last month’s panic selling. If you buy now, you might beat a lot of them to the punch. But I have a better idea. Instead of getting SPY, you could buy the Nuveen S&P 500 Dynamic Overwrite Fund , a closed-end fund (CEF) that owns the same stocks as SPY but pays a whopping 7.1% dividend, which is obviously a lot better than the 1.8% payout SPY gives you. There’s another nice thing about SPXX: it’s not tradi
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Sec Filings
- 3/15/24 - Form N-CEN
- 3/8/24 - Form 3
- 3/8/24 - Form 3
- SPXX's page on the SEC website