Nuveen California Quality Municipal Income Fund (NYSE:NAC) Announces $0.07 Monthly Dividend

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.0735 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen California Quality Municipal Income Fund Trading Down 0.1%

NAC stock traded down $0.02 during midday trading on Tuesday, reaching $11.97. 48,427 shares of the company’s stock traded hands, compared to its average volume of 503,054. The company has a 50-day simple moving average of $11.85 and a two-hundred day simple moving average of $11.61. Nuveen California Quality Municipal Income Fund has a 1-year low of $10.35 and a 1-year high of $12.25.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.