Nuveen California Municipal Va (NCA) to Issue Monthly Dividend of $0.03 on April 1st

Nuveen California Municipal Va (NYSE:NCA) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.03 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, March 13th. This is a 3.4% increase from Nuveen California Municipal Va’s previous monthly dividend of $0.03.

Nuveen California Municipal Va Trading Up 2.0%

Shares of NYSE:NCA traded up $0.18 during trading on Wednesday, reaching $9.41. 54,561 shares of the stock were exchanged, compared to its average volume of 75,617. Nuveen California Municipal Va has a 12 month low of $8.22 and a 12 month high of $9.80. The stock has a 50-day moving average price of $9.39 and a 200-day moving average price of $9.05.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NCA. Advisory Services Network LLC acquired a new position in shares of Nuveen California Municipal Va in the third quarter valued at about $33,000. Comerica Bank acquired a new position in shares of Nuveen California Municipal Va during the 1st quarter worth approximately $62,000. Summitry LLC acquired a new position in shares of Nuveen California Municipal Va during the 3rd quarter worth approximately $111,000. Ieq Capital LLC increased its holdings in shares of Nuveen California Municipal Va by 19.0% during the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $134,000 after purchasing an additional 2,390 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Nuveen California Municipal Va in the fourth quarter valued at approximately $140,000. Institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.