Nuveen California Quality Municipal Income Fund (NAC) has declared a quarterly dividend of $0.07 per share, payable to shareholders of record. The ex-dividend date is set for September 14, 2025, meaning investors must own shares before this date to qualify for the distribution. The dividend will be paid on September 30, 2025.
With a current dividend yield of 2.52%, this payout reflects the annual income relative to the stock price. The Fund, headquartered in Boston, Massachusetts, operates as a closed-end management investment company. It aims to provide current income exempt from both federal and California state income taxes while seeking to enhance portfolio value. The Fund invests primarily in municipal securities rated investment grade or, if unrated, deemed comparable in quality by the manager. Up to 20% of its managed assets may be allocated to lower-rated municipal securities.
This announcement highlights the Fund's commitment to regular dividend payments, which can be attractive to income-focused investors. However, dividends are not guaranteed and may be adjusted based on the company's financial performance and management decisions. Investors are encouraged to consider the Fund's dividend history, payout ratio, and overall financial health when assessing the sustainability of these payments.