Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.07 on September 1st

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.0695 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen California Quality Municipal Income Fund Trading Up 0.0%

NAC opened at $11.86 on Wednesday. Nuveen California Quality Municipal Income Fund has a one year low of $11.06 and a one year high of $12.25. The business’s 50 day moving average price is $11.95 and its 200 day moving average price is $11.88.

Institutional Trading of Nuveen California Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in Nuveen California Quality Municipal Income Fund by 36.6% during the fourth quarter. Morgan Stanley now owns 5,137,471 shares of the company’s stock worth $60,674,000 after buying an additional 1,376,202 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Nuveen California Quality Municipal Income Fund by 28.6% in the 4th quarter. Guggenheim Capital LLC now owns 2,938,681 shares of the company’s stock worth $34,706,000 after acquiring an additional 653,333 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Nuveen California Quality Municipal Income Fund by 44.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,994,983 shares of the company’s stock worth $23,561,000 after purchasing an additional 615,058 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Nuveen California Quality Municipal Income Fund by 53.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,349,549 shares of the company’s stock worth $15,938,000 after purchasing an additional 469,939 shares during the period. Finally, Bank of America Corp DE increased its holdings in Nuveen California Quality Municipal Income Fund by 11.7% in the 1st 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.

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.