Nuveen California Municipal Va Declares Monthly Dividend of $0.03 (NYSE:NCA)

Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.03 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen California Municipal Va Trading Down 0.1%

Shares of NYSE NCA opened at $8.96 on Tuesday. Nuveen California Municipal Va has a 12-month low of $8.40 and a 12-month high of $9.80. The stock has a 50 day simple moving average of $9.23 and a 200-day simple moving average of $9.33.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of institutional investors have recently added to or reduced their stakes in the company. Comerica Bank bought a new position in Nuveen California Municipal Va during the first quarter valued at about $62,000. Royal Bank of Canada lifted its holdings in Nuveen California Municipal Va by 4.4% in the 1st quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock valued at $1,248,000 after acquiring an additional 6,072 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Nuveen California Municipal Va by 9.0% in the 2nd quarter. Raymond James Financial Inc. now owns 138,046 shares of the company’s stock worth $1,198,000 after purchasing an additional 11,350 shares during the last quarter. UBS Group AG raised its holdings in shares of Nuveen California Municipal Va by 12.9% in the 3rd quarter. UBS Group AG now owns 1,291,449 shares of the company’s stock worth $11,494,000 after purchasing an additional 147,752 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Nuveen California Municipal Va in the 3rd quarter worth approximately $33,000. 21.46% of the stock is currently owned by institutional investors and hedge funds.

Nuveen California Municipal Va Company Profile

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.