SmarterDividends
NAC

Nuveen California Quality Municipal Income Fund

NAC

Financial Services · Asset Management · Stock · monthly payer

$10.03

Undervalued · +104% Add to Portfolio

Forward Yield

8.32%

Annual Dividend

$0.89

Payout Ratio

253%

5-Yr Growth

7.0%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about NAC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, Nuveen California Quality Municipal Income Fund (NAC) has a forward dividend yield of 8.32%, based on an annual dividend of $0.89 per share and a share price of $10.03.
  • As of Oct 14, 2026, NAC's dividend safety grade from SmarterDividends is C (51 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nuveen California Quality Municipal Income Fund (NAC) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
  • NAC last cut its regular dividend in 2023.
  • NAC's next ex-dividend date is Oct 15, 2026, with payment on Nov 2, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 14, 2026, NAC pays out 253% of its trailing 12-month earnings as dividends (its payout ratio).
  • NAC's dividend has grown at an average rate of 7.0% a year over the past five years.
  • As of Oct 14, 2026, NAC's 8.32% yield is 49% above its five-year average yield of 5.58%.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for NAC is $20.43 per share, 104% above the $10.03 share price, so NAC screens as undervalued.
  • Nuveen California Quality Municipal Income Fund (NAC) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "NAC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/NAC

Summary

As of Oct 14, 2026, Nuveen California Quality Municipal Income Fund (NAC) yields 8.32% ($0.89 a year per share), has a dividend safety grade of C (51/100) and has 2 consecutive years of dividend increases on record.

Is NAC a good dividend stock?

Mixed

Nuveen California Quality Municipal Income Fund (NAC) pays a monthly dividend yielding 8.32% ($0.89/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 7.0% 5-yr dividend growth

Risks

  • Cut its dividend in 2023
  • Elevated payout ratio (253%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
8.32%
Payout Ratio
253%
Annual Dividend
$0.89
5-Yr Avg Growth
7.0%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
0.58
Market Cap
$1.6B
P/E Ratio
—
5-Yr Total Return
-34%
52-Week Range
$9.80 – $12.25
Dividend Safety
C · 51/100
Ever Cut?
Yes (2023)
NAC ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →NAC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NAC a good dividend stock?

Mixed. Nuveen California Quality Municipal Income Fund (NAC) pays a monthly dividend yielding 8.32% ($0.89/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is NAC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NAC's fair value is about $20.43 versus a $10.03 share price — so it looks undervalued (+104% vs. fair value).

Is NAC's dividend safe?

NAC has a dividend-safety grade of C (51/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is NAC's fair value?

Our blended fair-value estimate for NAC is about $20.43 per share, roughly 104% above the current $10.03 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NAC a buy, hold, or sell?

We don't issue formal ratings, but on the data NAC screens as "mixed" and undervalued. Nuveen California Quality Municipal Income Fund (NAC) pays a monthly dividend yielding 8.32% ($0.89/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will NAC cut its dividend?

NAC earns a dividend-safety grade of C (51/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NAC pay a dividend?

Yes. Nuveen California Quality Municipal Income Fund pays a monthly dividend of about $0.89 per share annually, a forward yield of roughly 8.32%.

What is NAC's dividend yield?

As of Oct 14, 2026, NAC's forward dividend yield is 8.32%, based on a $0.89 annual dividend and a $10.03 share price.

What is NAC's dividend per share?

As of Oct 14, 2026, NAC pays $0.89 per share per year, distributed on a monthly basis.

What is NAC's dividend payout ratio?

As of Oct 14, 2026, NAC's payout ratio is 253% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NAC grown its dividend?

As of Oct 14, 2026, NAC has increased its dividend for 2 consecutive years.

When is the next NAC ex-dividend date?

As of Oct 14, 2026, the next ex-dividend date on record for NAC is Oct 15, 2026.

Income Calculator

At $0.89 / yr per share

Per payment (monthly)$7.43
Annual$89.10
Monthly avg$7.43

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