Nuveen California Quality Municipal Income Fund to Issue Monthly Dividend of $0.04 (NYSE:NAC)

Nuveen California Quality Municipal Income Fund (NYSE:NACGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.043 per share on Friday, March 1st. This represents a $0.52 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Wednesday, February 14th.

Nuveen California Quality Municipal Income Fund Trading Up 0.5 %

Shares of NYSE:NAC opened at $11.04 on Tuesday. The business’s 50 day simple moving average is $10.96 and its two-hundred day simple moving average is $10.42. Nuveen California Quality Municipal Income Fund has a 52-week low of $9.32 and a 52-week high of $11.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAC. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Nuveen California Quality Municipal Income Fund in the third quarter worth approximately $376,000. Virtu Financial LLC purchased a new stake in shares of Nuveen California Quality Municipal Income Fund in the fourth quarter worth approximately $276,000. BOKF NA purchased a new stake in shares of Nuveen California Quality Municipal Income Fund in the second quarter worth approximately $159,000. Eaton Vance Management purchased a new stake in shares of Nuveen California Quality Municipal Income Fund in the first quarter worth approximately $139,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Nuveen California Quality Municipal Income Fund by 4,666.4% in the second quarter. JPMorgan Chase & Co. now owns 12,202 shares of the company’s stock worth $133,000 after purchasing an additional 11,946 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund

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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.

See Also

Dividend History for Nuveen California Quality Municipal Income Fund (NYSE:NAC)

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