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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.0735 per share on Tuesday, April 1st. This represents a $0.88 annualized dividend and a yield of 7.67%. The ex-dividend date of this dividend is Friday, March 14th.

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

Nuveen California Quality Municipal Income Fund Stock Down 0.7 %

Nuveen California Quality Municipal Income Fund stock traded down $0.09 during midday trading on Tuesday, hitting $11.50. 307,315 shares of the company were exchanged, compared to its average volume of 400,000. The business has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $11.55. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $12.03.

About Nuveen California Quality Municipal Income Fund

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.