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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0735 per share on Monday, February 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen California Quality Municipal Income Fund has decreased its dividend by an average of 10.9% annually over the last three years.

Nuveen California Quality Municipal Income Fund Stock Performance

Nuveen California Quality Municipal Income Fund stock traded up $0.02 during trading on Friday, reaching $11.45. 363,493 shares of the company were exchanged, compared to its average volume of 304,897. The stock’s 50 day simple moving average is $11.46 and its two-hundred day simple moving average is $11.62. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.60 and a 52-week high of $12.03.

Nuveen California Quality Municipal Income Fund Company Profile

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.