Nuveen California Municipal Va (NYSE:NCA) Increases Dividend to $0.03 Per Share

Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.03 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, March 13th. This is a 3.4% increase from Nuveen California Municipal Va’s previous monthly dividend of $0.03.

Nuveen California Municipal Va Price Performance

Shares of Nuveen California Municipal Va stock traded up $0.14 during trading on Wednesday, hitting $9.37. The stock had a trading volume of 46,461 shares, compared to its average volume of 75,441. Nuveen California Municipal Va has a 12 month low of $8.22 and a 12 month high of $9.80. The firm’s fifty day simple moving average is $9.39 and its 200-day simple moving average is $9.05.

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.