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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.0695 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen California Quality Municipal Income Fund Trading Down 0.5%

NYSE:NAC opened at $12.06 on Tuesday. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.84 and a 52-week high of $12.25. The stock has a 50-day simple moving average of $11.78 and a 200 day simple moving average of $11.85.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NAC. Southland Equity Partners LLC grew its stake in Nuveen California Quality Municipal Income Fund by 34.7% in the fourth quarter. Southland Equity Partners LLC now owns 206,090 shares of the company’s stock valued at $2,434,000 after purchasing an additional 53,050 shares in the last quarter. Arlington Financial Advisors LLC bought a new position in Nuveen California Quality Municipal Income Fund in the fourth quarter valued at approximately $118,000. Allworth Financial LP grew its stake in Nuveen California Quality Municipal Income Fund by 0.6% in the third quarter. Allworth Financial LP now owns 156,382 shares of the company’s stock valued at $1,798,000 after purchasing an additional 863 shares in the last quarter. Cooper Financial Group grew its stake in Nuveen California Quality Municipal Income Fund by 3.3% in the fourth quarter. Cooper Financial Group now owns 42,152 shares of the company’s stock valued at $498,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in Nuveen California Quality Municipal Income Fund by 100.0% in the third quarter. Ameriflex Group Inc. now owns 2,800 shares of the company’s stock valued at $32,000 after purchasing an additional 1,400 shares in the last quarter.

About Nuveen California Quality Municipal Income Fund

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.