Nuveen California Quality Municipal Income Fund (NAC) Dividend

Nuveen California Quality Municipal Income Fund · Financial Services · Asset Management · monthly payer

$10.42

As of Nov 8, 2026, Nuveen California Quality Municipal Income Fund (NAC) pays a monthly dividend of $0.07 per share, or $0.83 a year, a 8.00% yield at its $10.42 share price. It pays every month. It has raised its dividend 2 years in a row and has a dividend safety grade of D.

Forward Yield

8.00%

Annual Dividend

$0.83

Payout Ratio

253%

5-Yr Growth

7.0%

Ex-Date

Sep 15, 2026

Frequency

Monthly

Key facts about NAC's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Nuveen California Quality Municipal Income Fund (NAC) has a forward dividend yield of 8.00%, based on an annual dividend of $0.83 per share and a share price of $10.42.
As of Nov 8, 2026, NAC's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
By SmarterDividends' count, Nuveen California Quality Municipal Income Fund (NAC) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
NAC last cut its regular dividend in 2023.
NAC's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0700 per share.
As of Nov 8, 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 Nov 8, 2026, NAC's 8.00% yield is 43% above its five-year average yield of 5.58%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NAC is $20.43 per share, 96% above the $10.42 share price, so NAC screens as undervalued.
Nuveen California Quality Municipal Income Fund (NAC) pays its dividend monthly, 12 times a year.
Nuveen California Quality Municipal Income Fund (NAC) has raised its regular dividend 22 times and cut it 22 times across the 333 payments on record since 1999. Its most recent change was a 5.4% cut to $0.0700 per share, going ex-dividend on Jun 15, 2026.

Cite this page

SmarterDividends, "NAC Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NAC

Is NAC a good dividend stock?

Mixed

Nuveen California Quality Municipal Income Fund (NAC) pays a monthly dividend yielding 8.00% ($0.83/yr), with 2 years of growth and a dividend-safety grade of D. 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%)
Share price is down over the past 5 years
Below-average dividend safety score

Key Data

Dividend Yield: 8.00%
Payout Ratio: 253%
Annual Dividend: $0.83
5-Yr Avg Growth: 7.0%
Ex-Dividend Date: Sep 15, 2026
Years of Growth: 2
Frequency: monthly
Beta: 0.60
Market Cap: $1.6B
P/E Ratio: —
5-Yr Total Return: -33%
52-Week Range: $9.80 – $12.25
Dividend Safety: D · 46/100
Ever Cut?: Yes (2023)

NAC dividend raises and cuts

Nuveen California Quality Municipal Income Fund (NAC) has raised its regular dividend 22 times and cut it 22 times across the 333 payments on record since 1999. Its most recent change was a 5.4% cut to $0.0700 per share, going ex-dividend on Jun 15, 2026.

Ex-date	Change	Old → new	Move
Jun 15, 2026	Cut	$0.0740 → $0.0700	−5.4%
Jun 14, 2024	Raise	$0.0490 → $0.0740	+51.0%
Mar 14, 2024	Raise	$0.0440 → $0.0490	+11.4%
Nov 14, 2023	Raise	$0.0360 → $0.0440	+22.2%
Jan 12, 2023	Cut	$0.0450 → $0.0360	−20.0%
Oct 13, 2022	Cut	$0.0520 → $0.0450	−13.5%
Apr 13, 2022	Cut	$0.0550 → $0.0520	−5.5%
Oct 14, 2020	Raise	$0.0520 → $0.0550	+5.8%
Sep 12, 2019	Cut	$0.0560 → $0.0520	−7.1%
Jun 14, 2018	Cut	$0.0590 → $0.0560	−5.1%
Dec 14, 2017	Raise	$0.0090 → $0.0590	+555.6%
Nov 22, 2017	Cut	$0.0620 → $0.0090	−85.5%

Show all 44 changes since 2000

Ex-date	Change	Old → new	Move
Sep 14, 2017	Cut	$0.0660 → $0.0620	−6.1%
Jun 13, 2017	Cut	$0.0690 → $0.0660	−4.3%
Dec 13, 2016	Raise	$0.0080 → $0.0690	+762.5%
Nov 17, 2016	Raise	$0.0060 → $0.0080	+33.3%
Nov 2, 2016	Cut	$0.0690 → $0.0060	−91.3%
Sep 13, 2016	Cut	$0.0740 → $0.0690	−6.8%
Jun 13, 2016	Cut	$0.0760 → $0.0740	−2.6%
Jun 11, 2015	Cut	$0.0800 → $0.0760	−5.0%
Aug 13, 2014	Raise	$0.0740 → $0.0800	+8.1%
Dec 12, 2012	Cut	$0.0770 → $0.0740	−3.9%
Sep 13, 2011	Raise	$0.0750 → $0.0770	+2.7%
Jun 11, 2010	Raise	$0.0720 → $0.0750	+4.2%
Dec 11, 2009	Raise	$0.0680 → $0.0720	+5.9%
Sep 11, 2009	Raise	$0.0670 → $0.0680	+1.5%
May 13, 2009	Raise	$0.0630 → $0.0670	+6.3%
Sep 11, 2008	Raise	$0.0620 → $0.0630	+1.6%
Sep 12, 2007	Cut	$0.0650 → $0.0620	−4.6%
Mar 13, 2007	Cut	$0.0680 → $0.0650	−4.4%
Sep 13, 2006	Cut	$0.0710 → $0.0680	−4.2%
Jun 13, 2006	Cut	$0.0750 → $0.0710	−5.3%
Mar 13, 2006	Cut	$0.0790 → $0.0750	−5.1%
Sep 13, 2005	Cut	$0.0820 → $0.0790	−3.7%
Dec 11, 2003	Raise	$0.0810 → $0.0820	+1.2%
Sep 11, 2003	Raise	$0.0800 → $0.0810	+1.3%
Mar 12, 2003	Raise	$0.0770 → $0.0800	+3.9%
Dec 11, 2002	Raise	$0.0750 → $0.0770	+2.7%
Sep 11, 2002	Raise	$0.0730 → $0.0750	+2.7%
Mar 13, 2002	Raise	$0.0710 → $0.0730	+2.8%
Oct 11, 2001	Raise	$0.0690 → $0.0710	+2.9%
Jun 13, 2001	Raise	$0.0670 → $0.0690	+3.0%
Jun 13, 2000	Cut	$0.0700 → $0.0670	−4.3%
Mar 13, 2000	Cut	$0.0720 → $0.0700	−2.8%

Every NAC payment →Download every raise and cut (CSV)

NAC ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →NAC dividend historyEvery payment, totals by year, raises and cutsView →NAC dividend calculator100 shares pay $83.00 a year, $6.92 each monthCalculate →NAC total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NAC a good dividend stock?

Mixed. Nuveen California Quality Municipal Income Fund (NAC) pays a monthly dividend yielding 8.00% ($0.83/yr), with 2 years of growth and a dividend-safety grade of D. 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 $10.42 share price — so it looks undervalued (+96% vs. fair value).

Is NAC's dividend safe?

NAC has a dividend-safety grade of D (46/100), 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 96% above the current $10.42 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 8.00% ($0.83/yr), with 2 years of growth and a dividend-safety grade of D. 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 D (46/100), 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 $0.83 per share annually, a forward yield of roughly 8.00%.

How much dividend does 100 shares of NAC pay?

At $0.83 per share a year, 100 shares of NAC pay $83.00 a year in dividends before tax, about $6.92 each month. Buying them costs about $1,042 at the Nov 8, 2026 price.

What is NAC's dividend yield?

As of Nov 8, 2026, NAC's forward dividend yield is 8.00%, based on a $0.83 annual dividend and a $10.42 share price.

What is NAC's dividend per share?

As of Nov 8, 2026, NAC pays $0.83 per share per year, distributed on a monthly basis.

What is NAC's dividend payout ratio?

As of Nov 8, 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 Nov 8, 2026, NAC has increased its dividend for 2 consecutive years.

When is the next NAC ex-dividend date?

As of Nov 8, 2026, NAC's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0700 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full NAC dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 15, 2026	Nov 2, 2026	$0.0700	regular
Sep 15, 2026	Oct 1, 2026	$0.0700	regular
Aug 14, 2026	Sep 1, 2026	$0.0700	regular
Jul 15, 2026	Aug 3, 2026	$0.0700	regular
Jun 15, 2026	Jul 1, 2026	$0.0700	regular
May 15, 2026	Jun 1, 2026	$0.0740	regular
Apr 15, 2026	May 1, 2026	$0.0740	regular
Mar 13, 2026	Apr 1, 2026	$0.0740	regular
Feb 13, 2026	Mar 2, 2026	$0.0740	regular
Jan 15, 2026	Feb 2, 2026	$0.0740	regular
Dec 15, 2025	Dec 31, 2025	$0.0740	regular
Nov 14, 2025	Dec 1, 2025	$0.0740	regular
Oct 15, 2025	Nov 3, 2025	$0.0740	regular
Sep 15, 2025	Oct 1, 2025	$0.0740	regular