Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.07 on August 1st

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.0735 per share on Friday, August 1st. This represents a $0.88 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Tuesday, July 15th.

Nuveen California Quality Municipal Income Fund Trading Down 0.4%

Shares of NAC opened at $11.19 on Friday. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.35 and a 52-week high of $12.03. The business’s fifty day moving average is $10.99 and its 200-day moving average is $11.13.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Nuveen California Quality Municipal Income Fund by 8.1% in the 1st quarter. Royal Bank of Canada now owns 125,135 shares of the company’s stock valued at $1,407,000 after purchasing an additional 9,425 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Nuveen California Quality Municipal Income Fund by 41.6% in the 1st quarter. NewEdge Advisors LLC now owns 70,068 shares of the company’s stock valued at $788,000 after purchasing an additional 20,593 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Nuveen California Quality Municipal Income Fund in the 1st quarter valued at $300,000.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund is a closed ended fixed income 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 fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.