Dividend Information About Nuveen California Select Tax Free Income Portfolio: Everything You Need to Know Before Its Exdividend Date on Oct 15, 2025

Nuveen California Select Tax Free Income Portfolio (NXC) has declared a cash dividend of $0.0430 per share, with an ex-dividend date of Oct 15, 2025, and a payment date of Nov 3, 2025. The dividend was announced on Oct 1, 2025, and it represents a decrease compared to the 10-period average dividend of $0.05026 per share. Investors who wish to be eligible for the upcoming distribution must purchase the stock before Oct 15, 2025, as any purchase on or after that date will not qualify for the dividend. This marks the most recent dividend declaration for the fund, which is consistent with its history of issuing regular cash dividends.

Over the past week, the fund has garnered attention due to its performance in the municipal bond market, which remains a key component of its portfolio. Analysts have noted that short-duration high-yield municipals continue to offer attractive returns, with a tax-exempt yield of 4.64% or 7.84% on a taxable equivalent basis. This trend has been seen as favorable for closed-end funds like NXC, especially as interest rates remain stable and tax-exempt opportunities are limited in the broader market. Additionally, recent industry commentary has emphasized the importance of risk-adjusted returns in a low-yield environment, a factor that could support demand for funds with a focus on municipal securities.

Since the last update, the fund has also seen a reduction in short interest, signaling increased confidence among investors. This follows a period of market volatility where defensive assets, including municipal bond funds, have been preferred by risk-averse participants. As of late, the fund has also been compared favorably to its peers based on financial health and stock trends, with reports highlighting its strong margins and consistent revenue generation. These fundamentals suggest that the fund is well-positioned to maintain its dividend policy despite macroeconomic headwinds.

In conclusion, Nuveen California Select Tax Free Income Portfolio continues to be a key player in the municipal bond space, with a solid track record of delivering regular income to investors. With a cash dividend of $0.0430 per share announced for the upcoming cycle, investors should note that Oct 15, 2025, is the last day to purchase the stock and still be eligible for the dividend. Any transactions occurring on or after this date will not qualify for the payout, making it an important date for shareholders and potential investors to keep in mind.