Nuveen Nasdaq 100 Dynamic Overwrite Fund
QQQXFinancial Services · Stock · quarterly payer
Forward Yield
9.63%
Annual Dividend
$2.95
Payout Ratio
40%
5-Yr Growth
7.5%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) yields 9.63% ($2.95 per share annually), with a blended fair-value estimate of $54.97 — +80% upside, so it screens as undervalued. Dividend safety grade: C (62/100). 2 years of dividend growth.
Is QQQX a good dividend stock?
Yes, with caveatsNuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) pays a quarterly dividend yielding 9.63% ($2.95/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (40%)
- Strong 7.5% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.63%
- Payout Ratio
- 40%
- Annual Dividend
- $2.95
- 5-Yr Avg Growth
- 7.5%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $1.5B
- P/E Ratio
- 4.9
- 5-Yr Total Return
- 8%
- 52-Week Range
- $25.35 – $31.87
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
QQQX Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+36%
5 Years
+8%
52-Week Range
$25.35 – $31.87
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is QQQX worth?
Undervaluedlow confidenceOur blended fair-value estimate for Nuveen Nasdaq 100 Dynamic Overwrite Fund is $54.97 per share, versus a market price of $30.62. That implies 80% of upside — a margin of safety of about 44%.
Fair Value
$54.97
Current Price
$30.62
Upside
+80%
Margin of Safety
44%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 7.5% stage-1 growth, 2.5% terminal growth, $6.20 EPS, $2.95 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
QQQX Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.7380 | regular |
| Mar 13, 2026 | — | $0.6150 | regular |
| Dec 15, 2025 | — | $0.5600 | regular |
| Sep 15, 2025 | — | $0.5600 | regular |
| Jun 13, 2025 | — | $0.5600 | regular |
| Mar 14, 2025 | — | $0.5600 | regular |
| Dec 13, 2024 | — | $0.5600 | regular |
| Sep 13, 2024 | — | $0.4200 | regular |
| Jun 14, 2024 | — | $0.4200 | regular |
| Mar 14, 2024 | — | $0.4200 | regular |
| Dec 14, 2023 | — | $0.4200 | regular |
| Sep 14, 2023 | — | $0.4200 | regular |
| Jun 14, 2023 | — | $0.4200 | regular |
| Mar 14, 2023 | — | $0.4200 | regular |
Income Calculator
At $2.95 / yr per share
