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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders 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 dividend yield of 7.68%. The ex-dividend date of this dividend is Friday, March 14th.

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

Nuveen California Quality Municipal Income Fund Stock Performance

Shares of Nuveen California Quality Municipal Income Fund stock opened at $11.49 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 firm’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $11.54.

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.