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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0695 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen California Quality Municipal Income Fund Trading Down 0.5%

Shares of NAC stock opened at $12.06 on Tuesday. Nuveen California Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.25. The stock has a 50 day moving average of $11.78 and a 200-day moving average of $11.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in Nuveen California Quality Municipal Income Fund by 90.5% in the second quarter. Jane Street Group LLC now owns 50,896 shares of the company’s stock valued at $569,000 after acquiring an additional 24,182 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Nuveen California Quality Municipal Income Fund in the third quarter valued at about $641,000. Oder Investment Management LLC boosted its holdings in Nuveen California Quality Municipal Income Fund by 6.3% in the fourth quarter. Oder Investment Management LLC now owns 61,836 shares of the company’s stock valued at $730,000 after acquiring an additional 3,678 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Nuveen California Quality Municipal Income Fund by 34.6% in the second quarter. Osaic Holdings Inc. now owns 74,291 shares of the company’s stock valued at $830,000 after buying an additional 19,110 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Nuveen California Quality Municipal Income Fund by 52.2% in the second quarter. NewEdge Advisors LLC now owns 106,671 shares of the company’s stock valued at $1,192,000 after buying an additional 36,603 shares during the period.

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.