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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.073 per share on Tuesday, September 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Thursday, August 15th.

Nuveen California Quality Municipal Income Fund has decreased its dividend by an average of 10.9% per year over the last three years.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NAC stock traded up $0.04 during mid-day trading on Friday, reaching $11.72. The company’s stock had a trading volume of 707,640 shares, compared to its average volume of 362,871. The company’s 50 day simple moving average is $11.46 and its 200-day simple moving average is $11.12. Nuveen California Quality Municipal Income Fund has a 12-month low of $9.32 and a 12-month high of $11.78.

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.