Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.07 on May 1st
by Kim Johansen · The Markets DailyNuveen California Quality Municipal Income Fund (NYSE:NAC – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be given a dividend of 0.0735 per share on Friday, May 1st. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, April 15th.
Nuveen California Quality Municipal Income Fund Trading Down 0.4%
NAC stock traded down $0.05 during midday trading on Monday, reaching $11.72. 183,748 shares of the company’s stock traded hands, compared to its average volume of 563,060. The company has a 50-day moving average price of $11.82 and a two-hundred day moving average price of $11.82. Nuveen California Quality Municipal Income Fund has a 52 week low of $10.52 and a 52 week high of $12.25.
Nuveen California Quality Municipal Income Fund Company Profile
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.