Dividend Information About Nuveen California Quality Municipal Income Fund: Everything You Need To Know Before Its Ex-Dividend Date Sep 15, 2025

Nuveen California Quality Municipal Income Fund (NAC) has announced its latest cash dividend of $0.07350 per share, with the ex-dividend date set for Sep 15, 2025. The dividend was declared on Sep 2, 2025, and will be paid on Oct 1, 2025. This amount is higher than the average of the last 10 dividends, which was approximately $0.06756 per share, indicating a slight increase in the distribution. The most recent prior dividend, also declared on Sep 2, 2025, matched the current payment, marking a consistent yet improved payout compared to historical averages. Investors should note that this reflects a positive shift in the fund’s strategy or improved market conditions.

Recently, Nuveen has been making significant strategic moves in the municipal bond space. A major development is the proposed merger of Nuveen California Municipal Value Fund (NCA) with NAC and Nuveen Select Tax-Free Income Portfolio (NXN) into a new fund called Nuveen Select Tax-Free Income Portfolio (NXP). Analysts have described this as a pivotal shift, potentially enhancing portfolio diversification and tax efficiency. Over the past week, industry observers have highlighted that the merger is expected to streamline operations and improve performance by consolidating similar strategies under one umbrella.

As of late, institutional investor Advisors Asset Management has increased its holdings in NCA by 9.9% during the first quarter of 2025, signaling growing confidence in the fund’s future. NCA is currently trading at $8.69, with a -3.8% discount to net asset value and a modest 0.5% weekly price gain. These movements, while not dramatic, suggest cautious optimism among investors. Additionally, NCA’s dividend yield of 4.00% lags slightly behind the 4.37% yield of Nuveen Municipal Value Fund (NUV), which recently announced a higher dividend. This contrast highlights ongoing strategic shifts and investor reassessment within the municipal bond sector.

In summary, as Nuveen California Quality Municipal Income Fund prepares for its ex-dividend date on Sep 15, 2025, investors should be aware that this is the last day to purchase shares and qualify for the upcoming dividend. Any purchase made after this date will not be eligible for the $0.07350 per share distribution. With recent strategic reorganization, growing institutional interest, and evolving market dynamics, investors are encouraged to closely monitor the fund’s performance and long-term outlook.