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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0735 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, May 15th.

Nuveen California Quality Municipal Income Fund Stock Performance

NAC stock traded down $0.01 on Wednesday, hitting $11.95. 431,153 shares of the company were exchanged, compared to its average volume of 567,424. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.69 and a twelve month high of $12.25. The business’s fifty day moving average is $11.80 and its two-hundred day moving average is $11.85.

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.