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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.0735 per share on Monday, February 3rd. This represents a $0.88 annualized dividend and a yield of 7.70%. The ex-dividend date is Wednesday, January 15th.

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

Nuveen California Quality Municipal Income Fund Price Performance

Shares of NAC stock traded up $0.02 during mid-day trading on Friday, hitting $11.45. The stock had a trading volume of 375,099 shares, compared to its average volume of 310,699. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.60 and a 12-month high of $12.03. The firm’s 50-day moving average is $11.46 and its two-hundred day moving average is $11.62.

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.