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

Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.03 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 15th.

Nuveen California Municipal Va Stock Down 0.5%

Shares of NYSE:NCA opened at $9.01 on Wednesday. The stock’s 50-day moving average price is $9.19 and its 200-day moving average price is $9.27. Nuveen California Municipal Va has a 12-month low of $8.48 and a 12-month high of $9.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Nuveen California Municipal Va during the third quarter valued at approximately $33,000. Comerica Bank purchased a new position in Nuveen California Municipal Va during the 1st quarter valued at $62,000. Fifth Third Bancorp purchased a new position in Nuveen California Municipal Va during the 1st quarter valued at $67,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Nuveen California Municipal Va in the 2nd quarter worth about $122,000. Finally, Ieq Capital LLC lifted its position in shares of Nuveen California Municipal Va by 19.0% in the 4th quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $134,000 after purchasing an additional 2,390 shares during the period. Institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Va

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.