Nuveen Dow 30 Dynamic Overwrite Fund
NYSE:DIAX
DIAX
NYSE
$655M
Market Cap
Company description
Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc. The last earnings update was 11 days ago. More info.
Add to Portfolio Compare Print
- Nuveen Dow 30 Dynamic Overwrite Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
DIAX Share Price and Events
7 Day Returns
-0.2%
NYSE:DIAX
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
1.3%
NYSE:DIAX
-12.6%
US Capital Markets
1.9%
US Market
DIAX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Nuveen Dow 30 Dynamic Overwrite Fund (DIAX) | -0.2% | -0.5% | 12.5% | 1.3% | 30.2% | - |
| US Capital Markets | 2.6% | -0% | 10.2% | -12.6% | 54.7% | 55.6% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- DIAX outperformed the Capital Markets industry which returned -12.6% over the past year.
Price Volatility
DIAX
Industry
5yr Volatility vs Market
Related Companies
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Nuveen Dow 30 Dynamic Overwrite Fund
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Our intrinsic value calculation method has changed recently, learn more here.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Nuveen Dow 30 Dynamic Overwrite Fund.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $16.90 * 10.7% |
$1.81 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $16.90 |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (0%)) |
1.103 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.103 * 5.96%) |
9.3% |
Discounted Cash Flow Calculation for NYSE:DIAX using Excess Returns Model Model
The calculations below outline how an intrinsic value for Nuveen Dow 30 Dynamic Overwrite Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (10.7% – 9.3%) * $16.90) |
$0.24 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.24 / (9.3% - 2.73%) |
$3.58 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $16.90 + $3.58 |
$20.47 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $20.47 |
| Current discount | Discount to share price of
$18.14
= -1 x ($18.14 - $20.47) / $20.47 |
11.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
Nuveen Dow 30 Dynamic Overwrite Fund
is available for.
11%
Share price is
$18.14
vs Future cash flow value of
$20.47
Current Discount Checks
For
Nuveen Dow 30 Dynamic Overwrite Fund
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- Nuveen Dow 30 Dynamic Overwrite Fund's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Nuveen Dow 30 Dynamic Overwrite Fund's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Nuveen Dow 30 Dynamic Overwrite Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Nuveen Dow 30 Dynamic Overwrite Fund's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-0.92 |
| NYSE:DIAX Share Price ** | NYSE (2019-03-18) in USD | $18.14 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 76 Publicly-Listed Capital Markets Companies | 24.89x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Nuveen Dow 30 Dynamic Overwrite Fund.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:DIAX Share Price ÷ EPS (both in USD) = 18.14 ÷ -0.92 |
-19.78x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nuveen Dow 30 Dynamic Overwrite Fund is loss making, we can't compare its value to the US Capital Markets industry average.
- Nuveen Dow 30 Dynamic Overwrite Fund is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Nuveen Dow 30 Dynamic Overwrite Fund's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -19.78x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 2.2x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Nuveen Dow 30 Dynamic Overwrite Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Nuveen Dow 30 Dynamic Overwrite Fund's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $16.90 |
| NYSE:DIAX Share Price * | NYSE (2019-03-18) in USD | $18.14 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 149 Publicly-Listed Capital Markets Companies | 4.76x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:DIAX Share Price ÷ Book Value per Share (both in USD) = 18.14 ÷ 16.90 |
1.07x |
* Primary Listing of Nuveen Dow 30 Dynamic Overwrite Fund.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nuveen Dow 30 Dynamic Overwrite Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Nuveen Dow 30 Dynamic Overwrite Fund's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Dow 30 Dynamic Overwrite Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Nuveen Dow 30 Dynamic Overwrite Fund
expected to grow at an
attractive
rate?
- Unable to compare Nuveen Dow 30 Dynamic Overwrite Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Nuveen Dow 30 Dynamic Overwrite Fund's earnings growth to the United States of America market average as no estimate data is available.
- Unable to compare Nuveen Dow 30 Dynamic Overwrite Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 6.4% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in USD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 15 | -33 | |
| 2018-09-30 | 15 | 17 | |
| 2018-06-30 | 15 | 68 | |
| 2018-03-31 | 15 | 98 | |
| 2017-12-31 | 15 | 129 | |
| 2017-09-30 | 15 | 112 | |
| 2017-06-30 | 15 | 95 | |
| 2017-03-31 | 15 | 80 | |
| 2016-12-31 | 15 | 65 | |
| 2016-09-30 | 15 | 40 | |
| 2016-06-30 | 15 | 14 | |
| 2016-03-31 | 15 | 7 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Nuveen Dow 30 Dynamic Overwrite Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.92 |
| 2018-09-30 | 0.48 |
| 2018-06-30 | 1.88 |
| 2018-03-31 | 2.72 |
| 2017-12-31 | 3.57 |
| 2017-09-30 | 3.10 |
| 2017-06-30 | 2.64 |
| 2017-03-31 | 2.22 |
| 2016-12-31 | 1.81 |
| 2016-09-30 | 1.10 |
| 2016-06-30 | 0.39 |
| 2016-03-31 | 0.20 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Nuveen Dow 30 Dynamic Overwrite Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Nuveen Dow 30 Dynamic Overwrite Fund's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Nuveen Dow 30 Dynamic Overwrite Fund performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Nuveen Dow 30 Dynamic Overwrite Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Nuveen Dow 30 Dynamic Overwrite Fund does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Nuveen Dow 30 Dynamic Overwrite Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Nuveen Dow 30 Dynamic Overwrite Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Nuveen Dow 30 Dynamic Overwrite Fund's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Nuveen Dow 30 Dynamic Overwrite Fund Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 15.38 | -33.13 | 6.18 | |
| 2018-09-30 | 15.30 | 17.42 | 6.18 | |
| 2018-06-30 | 15.23 | 67.97 | 6.17 | |
| 2018-03-31 | 15.22 | 98.31 | 6.03 | |
| 2017-12-31 | 15.20 | 128.65 | 5.89 | |
| 2017-09-30 | 15.13 | 111.96 | 5.70 | |
| 2017-06-30 | 15.06 | 95.27 | 5.51 | |
| 2017-03-31 | 15.08 | 80.26 | 5.42 | |
| 2016-12-31 | 15.11 | 65.25 | 5.32 | |
| 2016-09-30 | 15.04 | 39.65 | 5.32 | |
| 2016-06-30 | 14.98 | 14.05 | 5.33 | |
| 2016-03-31 | 14.73 | 7.37 | 5.40 | |
| 2015-12-31 | 14.47 | 0.69 | 5.48 | |
| 2015-09-30 | 11.93 | 7.40 | 4.72 | |
| 2015-06-30 | 9.39 | 14.10 | 3.97 | |
| 2015-03-31 | 7.00 | 15.27 | 3.06 | |
| 2014-12-31 | 4.60 | 16.43 | 2.14 | |
| 2014-09-30 | 4.56 | 21.25 | 2.04 | |
| 2014-06-30 | 4.53 | 26.06 | 1.94 | |
| 2014-03-31 | 4.56 | 33.14 | 1.92 | |
| 2013-12-31 | 4.58 | 40.22 | 1.91 | |
| 2013-09-30 | 4.67 | 32.20 | 1.86 | |
| 2013-06-30 | 4.76 | 24.18 | 1.82 | |
| 2013-03-31 | 4.78 | 19.11 | 1.79 | |
| 2012-12-31 | 4.80 | 14.05 | 1.76 | |
| 2012-09-30 | 4.73 | 11.57 | 1.74 | |
| 2012-06-30 | 4.65 | 9.09 | 1.72 | |
| 2012-03-31 | 4.61 | 10.58 | 1.74 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Nuveen Dow 30 Dynamic Overwrite Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Nuveen Dow 30 Dynamic Overwrite Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Nuveen Dow 30 Dynamic Overwrite Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Nuveen Dow 30 Dynamic Overwrite Fund's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Nuveen Dow 30 Dynamic Overwrite Fund's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Nuveen Dow 30 Dynamic Overwrite Fund's finances.
The net worth of a company is the difference between its assets and liabilities.
- Nuveen Dow 30 Dynamic Overwrite Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Nuveen Dow 30 Dynamic Overwrite Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Nuveen Dow 30 Dynamic Overwrite Fund's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- Low level of unsold assets.
- Nuveen Dow 30 Dynamic Overwrite Fund has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Nuveen Dow 30 Dynamic Overwrite Fund Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 610.22 | 0.00 | |
| 2018-09-30 | 610.22 | 0.00 | |
| 2018-06-30 | 650.81 | 0.00 | |
| 2018-03-31 | 650.81 | 0.00 | |
| 2017-12-31 | 687.58 | 1.46 | |
| 2017-09-30 | 687.58 | 1.46 | |
| 2017-06-30 | 625.06 | 0.00 | |
| 2017-03-31 | 625.06 | 0.00 | |
| 2016-12-31 | 597.22 | 9.17 | |
| 2016-09-30 | 597.22 | 9.17 | |
| 2016-06-30 | 566.67 | 0.00 | |
| 2016-03-31 | 566.67 | 0.00 | |
| 2015-12-31 | 569.60 | 3.79 | |
| 2015-09-30 | 569.60 | 3.79 | |
| 2015-06-30 | 591.01 | 0.00 | |
| 2015-03-31 | 591.01 | 0.00 | |
| 2014-12-31 | 607.31 | 8.23 | |
| 2014-09-30 | 607.31 | 8.23 | |
| 2014-06-30 | 198.54 | 0.00 | |
| 2014-03-31 | 198.54 | 0.00 | |
| 2013-12-31 | 199.70 | 0.05 | |
| 2013-09-30 | 199.70 | 0.05 | |
| 2013-06-30 | 185.26 | 0.00 | |
| 2013-03-31 | 185.26 | 0.00 | |
| 2012-12-31 | 172.27 | 1.45 | |
| 2012-09-30 | 172.27 | 1.45 | |
| 2012-06-30 | 173.87 | 0.00 | |
| 2012-03-31 | 173.87 | 0.00 |
- Nuveen Dow 30 Dynamic Overwrite Fund has no debt.
- Nuveen Dow 30 Dynamic Overwrite Fund had no debt 5 years ago.
- Nuveen Dow 30 Dynamic Overwrite Fund has no debt, it does not need to be covered by operating cash flow.
- Nuveen Dow 30 Dynamic Overwrite Fund has no debt, therefore coverage of interest payments is not a concern.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Nuveen Dow 30 Dynamic Overwrite Fund's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
6.84%
Current annual income from
Nuveen Dow 30 Dynamic Overwrite Fund
dividends.
If you bought
$2,000 of
Nuveen Dow 30 Dynamic Overwrite Fund
shares you are expected to receive
$137
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Nuveen Dow 30 Dynamic Overwrite Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Nuveen Dow 30 Dynamic Overwrite Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-04 | 1.240 | 7.191 |
| 2018-09-04 | 1.240 | 6.635 |
| 2018-06-01 | 1.170 | 6.150 |
| 2017-12-01 | 1.061 | 5.735 |
| 2017-06-01 | 1.022 | 6.041 |
| 2017-03-01 | 1.022 | 6.397 |
| 2016-06-01 | 1.064 | 7.223 |
| 2015-12-01 | 1.064 | 7.710 |
| 2015-09-01 | 1.064 | 7.588 |
| 2015-06-01 | 1.064 | 7.204 |
| 2014-12-23 | 1.064 | 6.911 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Nuveen Dow 30 Dynamic Overwrite Fund has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Nuveen Dow 30 Dynamic Overwrite Fund only paid a dividend in the past 4 years.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Nuveen Dow 30 Dynamic Overwrite Fund's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Nuveen Dow 30 Dynamic Overwrite Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
- Nuveen Dow 30 Dynamic Overwrite Fund has no CEO, or we have no data on them.
Management Team
David Friar
TITLE
Portfolio Manager
Keith Hembre
TITLE
Portfolio Manager
Board of Directors
Tom Schreier
TITLE
Director
AGE
56
John Nelson
TITLE
Independent Director
AGE
56
Margaret Wolff
TITLE
Board Member
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Nuveen Dow 30 Dynamic Overwrite Fund's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Nuveen Dow 30 Dynamic Overwrite Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average. The fund was formerly known as Dow 30 Premium & Dividend Income Fund Inc. Nuveen Dow 30 Dynamic Overwrite Fund was formed on April 29, 2005 and is domiciled in the United States.
Details
| Name: | Nuveen Dow 30 Dynamic Overwrite Fund |
| DIAX | |
| Exchange: | NYSE |
| Founded: | 2005 |
| $655,092,722 | |
| 36,113,160 | |
| Website: | http://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=DIAX |
| Address: |
Nuveen Dow 30 Dynamic Overwrite Fund 333 West Wacker Drive, Chicago, Illinois, 60606, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | DIAX | Common Stock | New York Stock Exchange | US | USD | 23. Dec 2014 |
Number of employees
Current staff
0
Nuveen Dow 30 Dynamic Overwrite Fund
employees.
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 00:37 |
| End of day share price update: | 2019/03/18 00:00 |
| Last earnings filing: | 2019/03/08 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
