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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.0735 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Thursday, January 15th.

Nuveen California Quality Municipal Income Fund Stock Down 0.2%

NYSE:NAC opened at $11.99 on Tuesday. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.35 and a 52-week high of $12.25. The stock has a fifty day simple moving average of $11.88 and a 200-day simple moving average of $11.53.

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.