Nuveen California Municipal Va (NYSE:NCA) Increases Dividend to $0.03 Per Share

Key Points

• Dividend increase: Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend of $0.03 per share, payable April 1 to holders of record on March 13 (ex-dividend date March 13); the firm reported this as a 3.4% increase from its prior monthly payout.
• Yield and recent trading: The payout annualizes to a 3.8% dividend yield; shares traded at $9.37 (up $0.14) with a 12‑month range of $8.22–$9.80 and 50/200‑day SMAs of $9.39/$9.05.
• Fund strategy: NCA is a closed-end fund that seeks tax-exempt income by investing primarily in California municipal bonds, emphasizing investment‑grade and select high‑yield issues.

Nuveen California Municipal Va (NYSE:NCA - Get Free Report) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.03 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, March 13th. This is a 3.4% increase from Nuveen California Municipal Va's previous monthly dividend of $0.03.

Nuveen California Municipal Va Price Performance

Shares of Nuveen California Municipal Va stock traded up $0.14 during trading on Wednesday, hitting $9.37. The stock had a trading volume of 46,461 shares, compared to its average volume of 75,441. Nuveen California Municipal Va has a 12 month low of $8.22 and a 12 month high of $9.80. The firm's fifty day simple moving average is $9.39 and its 200-day simple moving average is $9.05.

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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