Nuveen California Quality Municipal Income Fund (NYSE:NAC) Plans $0.05 Monthly Dividend

Nuveen California Quality Municipal Income Fund (NYSE:NACGet Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be paid a dividend of 0.0515 per share on Wednesday, June 1st. This represents a $0.62 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, May 12th.

Shares of NAC opened at $12.18 on Thursday. Nuveen California Quality Municipal Income Fund has a 1 year low of $11.96 and a 1 year high of $16.22. The stock’s 50-day moving average price is $12.88 and its two-hundred day moving average price is $14.28.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in shares of Nuveen California Quality Municipal Income Fund by 7.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,269,806 shares of the company’s stock worth $19,859,000 after purchasing an additional 83,964 shares during the period. Advisors Asset Management Inc. raised its position in shares of Nuveen California Quality Municipal Income Fund by 3.4% during the fourth quarter. Advisors Asset Management Inc. now owns 178,531 shares of the company’s stock worth $2,792,000 after purchasing an additional 5,861 shares during the period. Stifel Financial Corp raised its position in shares of Nuveen California Quality Municipal Income Fund by 70.8% during the fourth quarter. Stifel Financial Corp now owns 45,372 shares of the company’s stock worth $710,000 after purchasing an additional 18,800 shares during the period. Millennium Management LLC acquired a new stake in shares of Nuveen California Quality Municipal Income Fund during the fourth quarter worth about $274,000. Finally, LPL Financial LLC raised its position in shares of Nuveen California Quality Municipal Income Fund by 2.3% during the fourth quarter. LPL Financial LLC now owns 152,246 shares of the company’s stock worth $2,381,000 after purchasing an additional 3,465 shares during the period.

About Nuveen California Quality Municipal Income Fund (Get Rating)

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.

Featured Articles

Dividend History for Nuveen California Quality Municipal Income Fund (NYSE:NAC)

Receive News & Ratings for Nuveen California Quality Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen California Quality Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.