Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.07 on March 2nd

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.0735 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Friday, February 13th.

Nuveen California Quality Municipal Income Fund Trading Up 0.1%

Nuveen California Quality Municipal Income Fund stock opened at $11.92 on Wednesday. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.35 and a 12-month high of $12.25. The firm has a 50 day simple moving average of $11.86 and a 200-day simple moving average of $11.65.

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.