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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0695 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Tuesday, September 15th.

Nuveen California Quality Municipal Income Fund Trading Down 0.2%

Shares of NYSE:NAC traded down $0.02 during mid-day trading on Wednesday, reaching $11.47. 95,797 shares of the company traded hands, compared to its average volume of 519,172. The company’s 50 day moving average price is $11.88 and its 200-day moving average price is $11.87. Nuveen California Quality Municipal Income Fund has a 52 week low of $11.21 and a 52 week 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.