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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.0735 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Wednesday, April 15th.

Nuveen California Quality Municipal Income Fund Price Performance

NYSE NAC traded down $0.05 on Monday, reaching $11.72. The stock had a trading volume of 122,077 shares, compared to its average volume of 562,226. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.52 and a 12-month high of $12.25. The business’s 50-day moving average price is $11.82 and its 200 day moving average price is $11.82.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAC. ProCore Advisors LLC purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the fourth quarter worth approximately $395,000. CLG LLC purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the fourth quarter worth approximately $166,000. Southland Equity Partners LLC raised its stake in shares of Nuveen California Quality Municipal Income Fund by 34.7% during the fourth quarter. Southland Equity Partners LLC now owns 206,090 shares of the company’s stock worth $2,434,000 after purchasing an additional 53,050 shares during the last quarter. Allworth Financial LP raised its stake in shares of Nuveen California Quality Municipal Income Fund by 0.6% during the third quarter. Allworth Financial LP now owns 156,382 shares of the company’s stock worth $1,798,000 after purchasing an additional 863 shares during the last quarter. Finally, Cooper Financial Group raised its stake in shares of Nuveen California Quality Municipal Income Fund by 3.3% during the fourth quarter. Cooper Financial Group now owns 42,152 shares of the company’s stock worth $498,000 after purchasing an additional 1,339 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund

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.