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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0735 per share on Thursday, May 1st. This represents a $0.88 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Tuesday, April 15th.

Nuveen California Quality Municipal Income Fund has raised its dividend payment by an average of 4.6% per year over the last three years.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NAC stock traded up $0.06 during trading on Thursday, reaching $11.34. 623,977 shares of the company’s stock traded hands, compared to its average volume of 454,390. The firm’s 50-day moving average is $11.38 and its 200 day moving average is $11.49. Nuveen California Quality Municipal Income Fund has a 1 year low of $10.60 and a 1 year high of $12.03.

Nuveen California Quality Municipal Income Fund Company Profile

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.