Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.07 on May 1st

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders 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 yield of 7.90%. The ex-dividend date is Tuesday, April 15th.

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

Nuveen California Quality Municipal Income Fund Trading Down 1.5 %

Shares of NYSE NAC opened at $11.17 on Friday. Nuveen California Quality Municipal Income Fund has a 12 month low of $10.60 and a 12 month high of $12.03. The stock has a 50 day moving average of $11.38 and a 200-day moving average of $11.48.

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.