Nuveen California Municipal Va (NYSE:NCA) to Issue $0.03 Monthly Dividend

Nuveen California Municipal Va (NYSE:NCA) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.03 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th.

Nuveen California Municipal Va Stock Performance

Shares of NCA opened at $9.28 on Tuesday. Nuveen California Municipal Va has a 12 month low of $8.36 and a 12 month high of $9.80. The firm has a fifty day simple moving average of $9.33 and a 200 day simple moving average of $9.26.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NCA. UBS Group AG boosted its holdings in Nuveen California Municipal Va by 38.8% during the fourth quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock worth $16,047,000 after purchasing an additional 501,505 shares during the last quarter. Advisors Asset Management Inc. raised its position in Nuveen California Municipal Va by 40.0% during the fourth quarter. Advisors Asset Management Inc. now owns 1,070,770 shares of the company’s stock worth $9,583,000 after acquiring an additional 306,174 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Nuveen California Municipal Va by 24.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 370,139 shares of the company’s stock worth $3,313,000 after acquiring an additional 71,944 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Nuveen California Municipal Va during the fourth quarter worth $559,000. Finally, Bank of America Corp DE raised its position in Nuveen California Municipal Va by 55.3% during the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after acquiring an additional 58,338 shares in the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.