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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0735 per share on Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Nuveen California Quality Municipal Income Fund’s previous monthly dividend of $0.07.

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

Nuveen California Quality Municipal Income Fund Trading Up 0.3 %

Nuveen California Quality Municipal Income Fund stock traded up $0.03 during midday trading on Wednesday, reaching $11.44. The company had a trading volume of 312,545 shares, compared to its average volume of 411,202. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.13 and a 12-month high of $12.03. The firm’s fifty day simple moving average is $11.74 and its 200-day simple moving average is $11.53.

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.