Nuveen California Quality Municipal Income Fund (NYSE:NAC) to Issue Monthly Dividend of $0.07

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0735 per share on Tuesday, April 1st. This represents a $0.88 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date is Friday, March 14th.

Nuveen California Quality Municipal Income Fund has raised its dividend by an average of 4.6% per year over the last three years.

Nuveen California Quality Municipal Income Fund Stock Down 0.7 %

Shares of NAC stock opened at $11.50 on Wednesday. Nuveen California Quality Municipal Income Fund has a 1 year low of $10.60 and a 1 year high of $12.03. The stock’s 50-day moving average is $11.34 and its two-hundred day moving average is $11.55.

About Nuveen California Quality Municipal Income Fund

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.