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

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 paid a dividend of 0.0735 per share on Thursday, May 1st. This represents a $0.88 annualized dividend and a yield of 7.78%. The ex-dividend date is Tuesday, April 15th.

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

Nuveen California Quality Municipal Income Fund Trading Up 0.5 %

Shares of NAC stock traded up $0.06 during trading hours on Thursday, hitting $11.34. 623,977 shares of the company were exchanged, compared to its average volume of 454,390. The firm has a fifty day simple moving average of $11.38 and a 200 day simple moving average of $11.49. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.60 and a 52-week high of $12.03.

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.