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

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

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

Nuveen California Quality Municipal Income Fund Stock Down 0.7 %

NAC stock traded down $0.09 during trading on Tuesday, reaching $11.50. The company had a trading volume of 307,315 shares, compared to its average volume of 400,000. Nuveen California Quality Municipal Income Fund has a twelve month low of $10.60 and a twelve month high of $12.03. The firm has a 50-day simple moving average of $11.34 and a 200-day simple moving average of $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.