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) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0735 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen California Quality Municipal Income Fund Trading Down 0.0%

NAC stock traded down $0.01 during midday trading on Wednesday, reaching $11.95. 384,719 shares of the company’s stock traded hands, compared to its average volume of 566,735. The company has a 50-day moving average price of $11.80 and a two-hundred day moving average price of $11.85. Nuveen California Quality Municipal Income Fund has a 52 week low of $10.69 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.