Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.07 on August 3rd

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0695 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Wednesday, July 15th.

Nuveen California Quality Municipal Income Fund Price Performance

Shares of NAC opened at $12.10 on Monday. Nuveen California Quality Municipal Income Fund has a 52-week low of $10.90 and a 52-week high of $12.25. The business’s 50 day moving average price is $11.98 and its two-hundred day moving average price is $11.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen California Quality Municipal Income Fund by 17.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 518,286 shares of the company’s stock worth $6,282,000 after purchasing an additional 76,673 shares in the last quarter. Mirador Capital Partners LP purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the second quarter valued at approximately $390,000. Western Wealth Management LLC raised its stake in shares of Nuveen California Quality Municipal Income Fund by 189.2% during the 1st quarter. Western Wealth Management LLC now owns 43,515 shares of the company’s stock worth $507,000 after purchasing an additional 28,466 shares during the period. NewEdge Advisors LLC raised its position in Nuveen California Quality Municipal Income Fund by 7.3% in the first quarter. NewEdge Advisors LLC now owns 71,293 shares of the company’s stock worth $831,000 after acquiring an additional 4,864 shares during the period. Finally, Bank of America Corp DE lifted its stake in Nuveen California Quality Municipal Income Fund by 11.7% in the first quarter. Bank of America Corp DE now owns 932,762 shares of the company’s stock valued at $10,867,000 after purchasing an additional 97,905 shares during 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.