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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.0695 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen California Quality Municipal Income Fund Trading Up 0.5%

Nuveen California Quality Municipal Income Fund stock opened at $12.18 on Thursday. The firm has a 50-day moving average of $11.94 and a 200-day moving average of $11.87. Nuveen California Quality Municipal Income Fund has a 1-year low of $10.90 and a 1-year 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.