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In a challenging economic climate, Nuveen California Select Tax-Free Income Portfolio (NXC) stock has reached a 52-week low, dipping to $12.65. With a market capitalization of $81.69 million and an attractive dividend yield of 4.24%, the fund has demonstrated remarkable consistency, maintaining dividend payments for 34 consecutive years according to InvestingPro. This latest price movement underscores a period of volatility for the tax-free income fund, though its low beta of 0.22 suggests more stability than the broader market. Investors are closely monitoring the fund as it navigates through the fluctuations of the market, with particular attention to the impacts of tax legislation and municipal bond yields that directly influence the fund's performance. The 52-week low serves as a critical indicator for potential investors seeking entry points, while current shareholders consider the long-term implications of the fund's trajectory in their portfolio strategies. InvestingPro offers 4 additional key insights about NXC's financial health and market position.
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