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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0695 per share on Tuesday, December 1st. This represents a $0.83 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, November 13th.

Nuveen California Quality Municipal Income Fund Trading Down 0.8%

Shares of NYSE NAC opened at $10.26 on Tuesday. Nuveen California Quality Municipal Income Fund has a twelve month low of $9.80 and a twelve month high of $12.25. The business has a 50 day simple moving average of $10.59 and a 200-day simple moving average of $11.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Nuveen California Quality Municipal Income Fund by 11.7% during the first quarter. Bank of America Corp DE now owns 932,762 shares of the company’s stock valued at $10,867,000 after acquiring an additional 97,905 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 17.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 518,286 shares of the company’s stock valued at $6,282,000 after buying an additional 76,673 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 2.9% during the first quarter. Sanctuary Advisors LLC now owns 248,657 shares of the company’s stock valued at $2,897,000 after buying an additional 7,074 shares during the last quarter. DKM Wealth Management Inc. boosted its position in shares of Nuveen California Quality Municipal Income Fund by 70.2% during the third quarter. DKM Wealth Management Inc. now owns 242,401 shares of the company’s stock worth $2,485,000 after buying an additional 100,000 shares during the period. Finally, Whittier Trust Co. grew its holdings in Nuveen California Quality Municipal Income Fund by 5.5% in the 1st quarter. Whittier Trust Co. now owns 211,237 shares of the company’s stock worth $2,442,000 after buying an additional 10,918 shares in 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 designed to provide current income that is generally exempt from regular federal and California state income taxes. The fund invests primarily in municipal securities issued by or on behalf of California state and local governments, public authorities, and other governmental entities.

Its portfolio may include a range of investment-grade and below-investment-grade municipal bonds, including general obligation bonds, revenue bonds, and other tax-exempt obligations.