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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.0735 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, November 14th.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAC opened at $12.00 on Tuesday. The firm’s 50 day moving average is $11.53 and its two-hundred day moving average is $11.19. Nuveen California Quality Municipal Income Fund has a 52 week low of $10.35 and a 52 week high of $12.02.

Institutional Trading of Nuveen California Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC boosted its stake in shares of Nuveen California Quality Municipal Income Fund by 2.9% during the 1st quarter. HighTower Advisors LLC now owns 47,930 shares of the company’s stock valued at $539,000 after buying an additional 1,352 shares during the period. Virtu Financial LLC purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the first quarter worth $129,000. PNC Financial Services Group Inc. acquired a new stake in Nuveen California Quality Municipal Income Fund during the first quarter valued at $670,000. US Bancorp DE grew its stake in Nuveen California Quality Municipal Income Fund by 52.9% in the first quarter. US Bancorp DE now owns 4,400 shares of the company’s stock valued at $49,000 after purchasing an additional 1,523 shares in the last quarter. Finally, First Foundation Advisors increased its position in Nuveen California Quality Municipal Income Fund by 18.9% in the 1st quarter. First Foundation Advisors now owns 68,102 shares of the company’s stock worth $765,000 after purchasing an additional 10,812 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.