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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.0735 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen California Quality Municipal Income Fund Stock Down 0.1%

Shares of NAC traded down $0.02 during trading hours on Wednesday, hitting $11.94. The stock had a trading volume of 327,867 shares, compared to its average volume of 566,347. The company’s fifty day moving average is $11.80 and its two-hundred day moving average is $11.85. Nuveen California Quality Municipal Income Fund has a 52 week low of $10.69 and a 52 week high of $12.25.

Institutional Investors Weigh In On Nuveen California Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oder Investment Management LLC boosted its stake in Nuveen California Quality Municipal Income Fund by 2.0% in the first quarter. Oder Investment Management LLC now owns 63,057 shares of the company’s stock worth $735,000 after purchasing an additional 1,221 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 2.9% in the first quarter. Sanctuary Advisors LLC now owns 248,657 shares of the company’s stock valued at $2,897,000 after buying an additional 7,074 shares during the last quarter. NWF Advisory Services Inc. raised its holdings in shares of Nuveen California Quality Municipal Income Fund by 20.0% in the first quarter. NWF Advisory Services Inc. now owns 18,490 shares of the company’s stock valued at $215,000 after buying an additional 3,085 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Nuveen California Quality Municipal Income Fund by 1,571.6% during the 1st quarter. Kestra Advisory Services LLC now owns 57,352 shares of the company’s stock worth $668,000 after buying an additional 53,921 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in Nuveen California Quality Municipal Income Fund by 5.5% during the 1st quarter. Whittier Trust Co. now owns 211,237 shares of the company’s stock worth $2,442,000 after acquiring an additional 10,918 shares during the last quarter.

About Nuveen California Quality Municipal Income Fund

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.