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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0695 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Wednesday, July 15th.

Nuveen California Quality Municipal Income Fund Trading Up 0.5%

Shares of NAC stock opened at $12.18 on Thursday. Nuveen California Quality Municipal Income Fund has a fifty-two week low of $10.90 and a fifty-two week high of $12.25. The stock has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $11.87.

Nuveen California Quality Municipal Income Fund Company Profile

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.