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

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given 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 is Wednesday, January 15th.

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 Trading Up 0.2 %

Nuveen California Quality Municipal Income Fund stock traded up $0.02 during midday trading on Friday, reaching $11.45. The company had a trading volume of 363,493 shares, compared to its average volume of 304,897. 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 simple moving average is $11.46 and its 200-day simple moving average 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.