How To Boost Your Dividends 4X [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
How To Boost Your Dividends 4X Getty Today I’m going to reveal a powerful secret that could boost your dividend income 4X. I’m talking about a massive 7.5% income stream here (or nearly 4X the yield on the average S&P 500 stock)—and your capital will grow nicely while you pocket your dividend cash, too. Solid payouts like that put financial independence within reach, because with just $500K invested, a 7.5% yield would hand you $3,125 a month in income. That’s higher than the $2,600 the average American makes. And unlike that average American, you won’t have to troop off to work every morning to get your “paycheck.” Plus you won’t have to sell a single stock in retirement to pull this off. You can retire on dividends alone! All you need to do is understand this one chart Here we see two lines for the Nuveen S&P 500 Dynamic Overwrite Fund closed-end fund (CEF) This fund pays investors an annual dividend of 7.5%, potentially unlocking the financial-independence reality for many people.
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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