Nuveen California Quality Municipal Income Fund (NYSE:NAC) Plans Dividend Increase – $0.07 Per Share

Nuveen California Quality Municipal Income Fund (NYSE:NAC) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.0735 per share on Thursday, August 1st. This represents a $0.88 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date is Monday, July 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% per year over the last three years.

Nuveen California Quality Municipal Income Fund Stock Performance

NYSE:NAC opened at $11.77 on Friday. The business has a fifty day moving average price of $11.30 and a 200-day moving average price of $11.07. Nuveen California Quality Municipal Income Fund has a one year low of $9.32 and a one year high of $11.78.

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.