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, March 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.0735 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen California Quality Municipal Income Fund Stock Down 0.2%

Shares of NAC traded down $0.02 during midday trading on Wednesday, reaching $11.99. 126,102 shares of the stock were exchanged, compared to its average volume of 492,232. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.35 and a twelve month high of $12.25. The business’s 50-day moving average price is $11.89 and its 200 day moving average price is $11.73.

Hedge Funds Weigh In On Nuveen California Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of the business. Highline Wealth Partners LLC purchased a new position in Nuveen California Quality Municipal Income Fund during the 3rd quarter worth $29,000. Ameriflex Group Inc. raised its position in Nuveen California Quality Municipal Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 2,800 shares of the company’s stock worth $32,000 after acquiring an additional 1,400 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Nuveen California Quality Municipal Income Fund in the 4th quarter valued at approximately $41,000. Smartleaf Asset Management LLC raised its position in shares of Nuveen California Quality Municipal Income Fund by 484.3% in the third quarter. Smartleaf Asset Management LLC now owns 7,245 shares of the company’s stock valued at $82,000 after buying an additional 6,005 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of Nuveen California Quality Municipal Income Fund in the fourth quarter valued at $106,000.

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.