Nuveen California Municipal Va (NYSE:NCA) Announces Monthly Dividend of $0.03

Key Points

• Nuveen California Municipal Va announced a monthly dividend of $0.03 per share, with the ex-dividend date set for August 15th and payment scheduled for September 2nd.
• The annualized dividend represents a yield of 4.1% based on the current stock price of $8.54 after a slight increase of 0.3%.
• Nuveen California Municipal Va is a closed-ended mutual fund that primarily invests in municipal securities rated Baa/BBB or better, focusing on the fixed income markets of California.

Nuveen California Municipal Va (NYSE:NCA - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.029 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th.

Nuveen California Municipal Va Price Performance

Shares of Nuveen California Municipal Va stock remained flat at $8.62 during trading on Friday. 13,259 shares of the stock traded hands, compared to its average volume of 80,125. The stock has a fifty day moving average of $8.51 and a two-hundred day moving average of $8.53. Nuveen California Municipal Va has a one year low of $8.22 and a one year high of $9.23.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in shares of Nuveen California Municipal Va during the 1st quarter worth about $26,000. Elequin Capital LP acquired a new position in Nuveen California Municipal Va in the 4th quarter valued at about $39,000. Comerica Bank bought a new position in Nuveen California Municipal Va in the 1st quarter valued at about $62,000. PFG Investments LLC bought a new position in Nuveen California Municipal Va in the 2nd quarter valued at about $87,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new position in Nuveen California Municipal Va in the 4th quarter valued at about $85,000. 21.46% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen California Municipal Va

Nuveen California Municipal Value 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. The fund invests primarily in municipal securities rated Baa/BBB or better.