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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0735 per share on Monday, February 3rd. This represents a $0.88 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen California Quality Municipal Income Fund has decreased its dividend by an average of 10.9% annually over the last three years.

Nuveen California Quality Municipal Income Fund Trading Up 0.2 %

Shares of NAC traded up $0.02 during trading hours on Friday, hitting $11.45. The company had a trading volume of 375,099 shares, compared to its average volume of 310,699. Nuveen California Quality Municipal Income Fund has a one year low of $10.60 and a one year high of $12.03. The company’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $11.62.

About Nuveen California Quality Municipal Income Fund

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.