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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.0695 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, August 14th.

Nuveen California Quality Municipal Income Fund Stock Down 0.6%

Shares of NAC opened at $11.65 on Tuesday. The firm’s 50 day moving average is $11.98 and its 200-day moving average is $11.88. Nuveen California Quality Municipal Income Fund has a 12 month low of $11.06 and a 12 month high of $12.25.

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.