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

Key Points

• Nuveen California Municipal Va (NYSE:NCA) declared a monthly dividend of $0.03 per share, payable May 1 to shareholders of record April 15, with an indicated yield of 3.9%.
• Shares traded down 0.3% to $9.35 on light volume (8,548 shares vs. a 72,555 average); the 50-day and 200-day moving averages are $9.36 and $9.15, and the 52-week range is $8.22–$9.80.
• The closed-end fund invests primarily in California municipal revenue and general obligation bonds to provide federally and California tax-exempt income, emphasizing investment-grade and select high-yield issues.

Nuveen California Municipal Va (NYSE:NCA - Get Free Report) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.03 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, April 15th.

Nuveen California Municipal Va Trading Down 0.3%

Shares of Nuveen California Municipal Va stock traded down $0.03 on Monday, hitting $9.35. 8,548 shares of the company's stock were exchanged, compared to its average volume of 72,555. The company has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $9.15. Nuveen California Municipal Va has a 1 year low of $8.22 and a 1 year high of $9.80.

Nuveen California Municipal Va Company Profile

Nuveen California Municipal Value Fund, Inc NYSE: NCA is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.

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