Nuveen California Quality Municipal Income Fund (NYSE:NAC) Shares Set to Pay Monthly Dividend of $0.07

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0695 per share on Monday, November 2nd. This represents a $0.83 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Thursday, October 15th.

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of NYSE NAC opened at $10.38 on Friday. The business has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.69. Nuveen California Quality Municipal Income Fund has a one year low of $10.19 and a one year high of $12.25.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company designed to provide current income that is exempt from regular federal income taxes and California state income taxes. The fund is part of Nuveen’s range of municipal bond investment products.

The fund invests primarily in investment-grade municipal obligations issued by states, municipalities and other governmental entities in California. Its portfolio may include bonds that finance public infrastructure and essential services, such as schools, transportation systems, utilities, health care facilities and other community projects.