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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.0735 per share on Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date is Friday, December 13th.

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

Nuveen California Quality Municipal Income Fund Stock Performance

NYSE:NAC traded up $0.01 during midday trading on Tuesday, hitting $11.70. 442,019 shares of the company traded hands, compared to its average volume of 414,209. Nuveen California Quality Municipal Income Fund has a 12-month low of $10.60 and a 12-month high of $12.03. The firm’s fifty day moving average is $11.62 and its 200-day moving average is $11.58.

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.