Nuveen California Quality Municipal Income Fund (NAC) To Go Ex-Dividend on January 15th

Nuveen California Quality Municipal Income Fund (NYSE:NAC) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.0735 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, January 15th.

Nuveen California Quality Municipal Income Fund Stock Up 0.1%

NYSE:NAC traded up $0.02 during mid-day trading on Tuesday, reaching $12.01. The company’s stock had a trading volume of 60,342 shares, compared to its average volume of 466,662. Nuveen California Quality Municipal Income Fund has a 1 year low of $10.35 and a 1 year high of $12.25. The stock has a fifty day moving average of $11.88 and a 200-day moving average of $11.53.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NAC. Highline Wealth Partners LLC bought a new stake in Nuveen California Quality Municipal Income Fund during the third quarter valued at about $29,000. Ameriflex Group Inc. lifted its position in shares of Nuveen California Quality Municipal Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 2,800 shares of the company’s stock valued at $32,000 after buying an additional 1,400 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Nuveen California Quality Municipal Income Fund by 484.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 7,245 shares of the company’s stock valued at $82,000 after buying an additional 6,005 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Nuveen California Quality Municipal Income Fund in the 3rd quarter worth approximately $115,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Nuveen California Quality Municipal Income Fund in the 3rd quarter worth approximately $115,000.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund (NYSE: NAC) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal and California state income taxes, with a secondary objective of capital appreciation. The fund primarily acquires a diversified portfolio of municipal securities issued by entities located in California, focusing on investment-grade bonds. These securities typically include general obligation bonds, revenue bonds and other taxable or tax-advantaged instruments that finance public projects such as transportation, education and utilities.

In managing the portfolio, the fund’s investment team applies rigorous credit research to identify issuers with strong balance sheets, stable revenue streams and manageable debt levels.