Don't Let Media-Driven Fears Keep You From These 7%+ Dividends [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
The upshot is that we've now got a very nice opportunity to pick up a special kind of closed-end fund (CEF) that yields 7%+ and does something unusual to limit downside. This setup reminds me just a bit of 2022, when buying fear gave contrarians bargains, and historically high dividend yields, too. The Media-Driven “Crisis” That Doesn't Exist Let's start to trace out our opportunity here by first talking about the media, which I probably don't have to tell you is more interested in getting an emotional reaction (mainly fear and worry) out of its audience more than anything else these days. The scribes' current fixation? Unemployment. To unpack that a bit, let me first take you back to the dark days of 2022 (only for a moment, I promise!), when media-generated fears prompted the longest bear market in recent memory, even longer than the Great Recession, when unemployment hit 10%. Compare that to 2022, when unemployment peaked at … 4%. I think you'll agree that's a very healt
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