Nuveen California Quality Municipal Income Fund (NYSE:NAC) to Issue Monthly Dividend of $0.05

Nuveen California Quality Municipal Income Fund (NYSE:NACGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.049 per share on Wednesday, May 1st. This represents a $0.59 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Friday, April 12th.

Nuveen California Quality Municipal Income Fund Trading Down 0.3 %

Shares of NAC opened at $10.97 on Wednesday. The business’s fifty day moving average price is $11.01 and its two-hundred day moving average price is $10.56. Nuveen California Quality Municipal Income Fund has a 52 week low of $9.32 and a 52 week high of $11.21.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NAC. Raymond James & Associates boosted its position in Nuveen California Quality Municipal Income Fund by 24.4% in the 1st quarter. Raymond James & Associates now owns 126,055 shares of the company’s stock valued at $1,654,000 after buying an additional 24,713 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Nuveen California Quality Municipal Income Fund by 6.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 42,537 shares of the company’s stock worth $558,000 after purchasing an additional 2,399 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Nuveen California Quality Municipal Income Fund by 159.4% in the 1st quarter. Allianz Asset Management GmbH now owns 401,979 shares of the company’s stock worth $5,274,000 after purchasing an additional 247,000 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Nuveen California Quality Municipal Income Fund in the 1st quarter worth $538,000. Finally, Wetherby Asset Management Inc. boosted its position in shares of Nuveen California Quality Municipal Income Fund by 14.7% in the 1st quarter. Wetherby Asset Management Inc. now owns 38,652 shares of the company’s stock worth $507,000 after purchasing an additional 4,966 shares during the last quarter.

Nuveen California Quality Municipal Income Fund Company Profile

(Get Free Report)

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.

See Also

Dividend History for Nuveen California Quality Municipal Income Fund (NYSE:NAC)

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