NYSE:DIAX

Stock Analysis Report

Nuveen Dow 30 Dynamic Overwrite Fund

Executive Summary

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity mutual fund launched by Nuveen Investments, Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Nuveen Dow 30 Dynamic Overwrite Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DIAX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

DIAX

1.7%

US Capital Markets

1.5%

US Market


1 Year Return

-1.9%

DIAX

19.0%

US Capital Markets

20.1%

US Market

Return vs Industry: DIAX underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: DIAX underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

DIAXIndustryMarket
7 Day0%1.7%1.5%
30 Day-0.5%0.5%1.4%
90 Day-0.4%8.6%8.7%
1 Year4.8%-1.9%21.4%19.0%22.7%20.1%
3 Year38.1%13.6%40.0%32.1%50.1%40.5%
5 Year61.4%14.7%83.6%66.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is Nuveen Dow 30 Dynamic Overwrite Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Nuveen Dow 30 Dynamic Overwrite Fund undervalued compared to its fair value and its price relative to the market?

24.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DIAX ($17.9) is trading below our estimate of fair value ($23.81)

Significantly Below Fair Value: DIAX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DIAX is good value based on its PE Ratio (16x) compared to the Capital Markets industry average (36x).

PE vs Market: DIAX is good value based on its PE Ratio (16x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DIAX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DIAX is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (6.7x).

Future Growth

How is Nuveen Dow 30 Dynamic Overwrite Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

Forecasted Diversified Financials industry annual growth in earnings


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 SimplyWall St do have past financial data.

Past Performance

How has Nuveen Dow 30 Dynamic Overwrite Fund performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DIAX has a large one-off gain of $60.6M impacting its June 30 2019 financial results.

Growing Profit Margin: DIAX's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: DIAX's earnings have grown by 17% per year over the past 5 years.

Accelerating Growth: DIAX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DIAX had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Capital Markets industry average (8.4%).


Return on Equity

High ROE: DIAX's Return on Equity (6.2%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Nuveen Dow 30 Dynamic Overwrite Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DIAX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if DIAX's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: DIAX's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if DIAX has a sufficient allowance for bad loans.

Low Risk Liabilities: DIAX reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if DIAX has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DIAX has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if DIAX has an appropriate level of bad loans.

Dividend

What is Nuveen Dow 30 Dynamic Overwrite Fund's current dividend yield, its reliability and sustainability?

6.93%

Current Dividend Yield


Dividend Yield vs Market

company6.9%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: DIAX's dividend (6.93%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: DIAX's dividend (6.93%) is in the top 25% of dividend payers in the US market (3.69%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, DIAX has been paying a dividend for less than 10 years.

Growing Dividend: DIAX's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (108.3%), DIAX's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Nuveen Dow 30 Dynamic Overwrite Fund has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nuveen Dow 30 Dynamic Overwrite Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Dow 30 Dynamic Overwrite Fund
  • 333 West Wacker Drive
  • Chicago
  • Illinois
  • 60606
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DIAXNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 2014

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:47
End of Day Share Price2020/02/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.