Nuveen California Quality Municipal Income Fund (NAC) to Issue Monthly Dividend of $0.05 on June 3rd

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.049 per share on Monday, June 3rd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Tuesday, May 14th.

Nuveen California Quality Municipal Income Fund Trading Up 0.8 %

NYSE:NAC traded up $0.08 during trading hours on Friday, reaching $10.91. 408,615 shares of the company’s stock were exchanged, compared to its average volume of 319,214. Nuveen California Quality Municipal Income Fund has a 12 month low of $9.32 and a 12 month high of $11.20. The business’s 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $10.71.

Nuveen California Quality Municipal Income Fund Company Profile

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.