Nuveen Quality Municipal Income Fund (NAD) Dividend

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

$10.91

As of Nov 9, 2026, Nuveen Quality Municipal Income Fund (NAD) pays a monthly dividend of $0.0710 per share, or $0.85 a year, a 7.75% yield at its $10.91 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

7.75%

Annual Dividend

$0.85

Payout Ratio

110%

5-Yr Growth

7.2%

Ex-Date

Sep 15, 2026

Frequency

Monthly

Key facts about NAD's dividend

Data as of Nov 9, 2026 · Source: SmarterDividends data

As of Nov 9, 2026, Nuveen Quality Municipal Income Fund (NAD) has a forward dividend yield of 7.75%, based on an annual dividend of $0.85 per share and a share price of $10.91.
As of Nov 9, 2026, NAD's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
By SmarterDividends' count, Nuveen Quality Municipal Income Fund (NAD) has raised its dividend for 2 consecutive years as of Nov 9, 2026.
NAD last cut its regular dividend in 2023.
NAD's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0710 per share.
As of Nov 9, 2026, NAD pays out 110% of its trailing 12-month earnings as dividends (its payout ratio).
NAD's dividend has grown at an average rate of 7.2% a year over the past five years.
As of Nov 9, 2026, NAD's 7.75% yield is 36% above its five-year average yield of 5.69%.
As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for NAD is $17.96 per share, 65% above the $10.91 share price, so NAD screens as undervalued.
Nuveen Quality Municipal Income Fund (NAD) pays its dividend monthly, 12 times a year.
Nuveen Quality Municipal Income Fund (NAD) has raised its regular dividend 30 times and cut it 29 times across the 330 payments on record since 1999. Its most recent change was a 6.6% cut to $0.0710 per share, going ex-dividend on Sep 15, 2025.

Cite this page

SmarterDividends, "NAD Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/NAD

Is NAD a good dividend stock?

Mixed

Nuveen Quality Municipal Income Fund (NAD) pays a monthly dividend yielding 7.75% ($0.85/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 7.2% 5-yr dividend growth

Risks

Cut its dividend in 2023
Elevated payout ratio (110%)
Share price is down over the past 5 years
Below-average dividend safety score

Key Data

Dividend Yield: 7.75%
Payout Ratio: 110%
Annual Dividend: $0.85
5-Yr Avg Growth: 7.2%
Ex-Dividend Date: Sep 15, 2026
Years of Growth: 2
Frequency: monthly
Beta: 0.66
Market Cap: $2.6B
P/E Ratio: 13.8
5-Yr Total Return: -30%
52-Week Range: $9.66 – $12.31
Dividend Safety: D · 46/100
Ever Cut?: Yes (2023)

NAD dividend raises and cuts

Nuveen Quality Municipal Income Fund (NAD) has raised its regular dividend 30 times and cut it 29 times across the 330 payments on record since 1999. Its most recent change was a 6.6% cut to $0.0710 per share, going ex-dividend on Sep 15, 2025.

Ex-date	Change	Old → new	Move
Sep 15, 2025	Cut	$0.0760 → $0.0710	−6.6%
Jun 14, 2024	Raise	$0.0520 → $0.0760	+46.2%
Mar 14, 2024	Raise	$0.0440 → $0.0520	+18.2%
Nov 14, 2023	Raise	$0.0380 → $0.0440	+15.8%
Apr 13, 2023	Cut	$0.0400 → $0.0380	−5.0%
Jan 12, 2023	Cut	$0.0470 → $0.0400	−14.9%
Oct 13, 2022	Cut	$0.0540 → $0.0470	−13.0%
Jul 14, 2022	Cut	$0.0600 → $0.0540	−10.0%
Oct 14, 2020	Raise	$0.0570 → $0.0600	+5.3%
May 14, 2020	Raise	$0.0540 → $0.0570	+5.6%
Mar 12, 2020	Raise	$0.0310 → $0.0540	+74.2%
Feb 13, 2020	Cut	$0.0540 → $0.0310	−42.6%

Show all 59 changes since 2000

Ex-date	Change	Old → new	Move
Sep 13, 2018	Cut	$0.0580 → $0.0540	−6.9%
Jan 11, 2018	Cut	$0.0620 → $0.0580	−6.5%
Dec 14, 2017	Raise	$0.0600 → $0.0620	+3.3%
Sep 14, 2017	Cut	$0.0640 → $0.0600	−6.3%
Mar 13, 2017	Cut	$0.0680 → $0.0640	−5.9%
Dec 13, 2016	Cut	$0.0720 → $0.0680	−5.6%
Oct 12, 2016	Raise	$0.0520 → $0.0720	+38.5%
Sep 20, 2016	Raise	$0.0180 → $0.0520	+188.9%
Sep 7, 2016	Cut	$0.0700 → $0.0180	−74.3%
Jun 13, 2016	Cut	$0.0710 → $0.0700	−1.4%
Jan 13, 2016	Cut	$0.0720 → $0.0710	−1.4%
Dec 11, 2015	Raise	$0.0710 → $0.0720	+1.4%
Jun 11, 2015	Cut	$0.0740 → $0.0710	−4.1%
Jan 13, 2014	Raise	$0.0730 → $0.0740	+1.4%
Jan 11, 2013	Cut	$0.0780 → $0.0730	−6.4%
Dec 12, 2012	Raise	$0.0760 → $0.0780	+2.6%
Dec 11, 2009	Raise	$0.0740 → $0.0760	+2.7%
Sep 11, 2009	Raise	$0.0720 → $0.0740	+2.8%
May 13, 2009	Raise	$0.0660 → $0.0720	+9.1%
Sep 11, 2008	Raise	$0.0640 → $0.0660	+3.1%
Jan 11, 2008	Cut	$0.0670 → $0.0640	−4.5%
Dec 12, 2007	Raise	$0.0640 → $0.0670	+4.7%
Oct 11, 2007	Cut	$0.0670 → $0.0640	−4.5%
Mar 13, 2007	Cut	$0.0690 → $0.0670	−2.9%
Jan 10, 2007	Cut	$0.0710 → $0.0690	−2.8%
Dec 13, 2006	Raise	$0.0690 → $0.0710	+2.9%
Jun 13, 2006	Cut	$0.0720 → $0.0690	−4.2%
Mar 13, 2006	Cut	$0.0750 → $0.0720	−4.0%
Dec 13, 2005	Cut	$0.0790 → $0.0750	−5.1%
Sep 13, 2005	Cut	$0.0830 → $0.0790	−4.8%
Mar 11, 2005	Cut	$0.0860 → $0.0830	−3.5%
Mar 11, 2004	Raise	$0.0850 → $0.0860	+1.2%
Sep 11, 2003	Raise	$0.0830 → $0.0850	+2.4%
Jun 11, 2003	Raise	$0.0820 → $0.0830	+1.2%
Dec 11, 2002	Raise	$0.0810 → $0.0820	+1.2%
Sep 11, 2002	Raise	$0.0790 → $0.0810	+2.5%
Jun 12, 2002	Raise	$0.0780 → $0.0790	+1.3%
Mar 13, 2002	Raise	$0.0760 → $0.0780	+2.6%
Oct 11, 2001	Raise	$0.0740 → $0.0760	+2.7%
Jun 13, 2001	Raise	$0.0730 → $0.0740	+1.4%
May 11, 2001	Cut	$0.0740 → $0.0730	−1.4%
Mar 13, 2001	Raise	$0.0710 → $0.0740	+4.2%
Dec 13, 2000	Raise	$0.0700 → $0.0710	+1.4%
Aug 11, 2000	Raise	$0.0690 → $0.0700	+1.4%
Jul 12, 2000	Cut	$0.0700 → $0.0690	−1.4%
Jun 13, 2000	Cut	$0.0730 → $0.0700	−4.1%
Mar 13, 2000	Cut	$0.0740 → $0.0730	−1.4%

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

NAD ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →NAD dividend historyEvery payment, totals by year, raises and cutsView →NAD dividend calculator100 shares pay $85.00 a year, $7.08 each monthCalculate →NAD total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NAD a good dividend stock?

Mixed. Nuveen Quality Municipal Income Fund (NAD) pays a monthly dividend yielding 7.75% ($0.85/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 NAD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NAD's fair value is about $17.96 versus a $10.91 share price — so it looks undervalued (+65% vs. fair value).

Is NAD's dividend safe?

NAD 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 NAD's fair value?

Our blended fair-value estimate for NAD is about $17.96 per share, roughly 65% above the current $10.91 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NAD a buy, hold, or sell?

We don't issue formal ratings, but on the data NAD screens as "mixed" and undervalued. Nuveen Quality Municipal Income Fund (NAD) pays a monthly dividend yielding 7.75% ($0.85/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 NAD cut its dividend?

NAD 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 NAD pay a dividend?

Yes. Nuveen Quality Municipal Income Fund pays a monthly dividend of about $0.85 per share annually, a forward yield of roughly 7.75%.

How much dividend does 100 shares of NAD pay?

At $0.85 per share a year, 100 shares of NAD pay $85.00 a year in dividends before tax, about $7.08 each month. Buying them costs about $1,091 at the Nov 9, 2026 price.

What is NAD's dividend yield?

As of Nov 9, 2026, NAD's forward dividend yield is 7.75%, based on a $0.85 annual dividend and a $10.91 share price.

What is NAD's dividend per share?

As of Nov 9, 2026, NAD pays $0.85 per share per year, distributed on a monthly basis.

What is NAD's dividend payout ratio?

As of Nov 9, 2026, NAD's payout ratio is 110% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NAD grown its dividend?

As of Nov 9, 2026, NAD has increased its dividend for 2 consecutive years.

When is the next NAD ex-dividend date?

As of Nov 9, 2026, NAD's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0710 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full NAD dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 15, 2026	Nov 2, 2026	$0.0710	regular
Sep 15, 2026	Oct 1, 2026	$0.0710	regular
Aug 14, 2026	Sep 1, 2026	$0.0710	regular
Jul 15, 2026	Aug 3, 2026	$0.0710	regular
Jun 15, 2026	Jul 1, 2026	$0.0710	regular
May 15, 2026	Jun 1, 2026	$0.0710	regular
Apr 15, 2026	May 1, 2026	$0.0710	regular
Mar 13, 2026	Apr 1, 2026	$0.0710	regular
Feb 13, 2026	Mar 2, 2026	$0.0710	regular
Jan 15, 2026	Feb 2, 2026	$0.0710	regular
Dec 15, 2025	Dec 31, 2025	$0.0710	regular
Nov 14, 2025	Dec 1, 2025	$0.0710	regular
Oct 15, 2025	Nov 3, 2025	$0.0710	regular
Sep 15, 2025	Oct 1, 2025	$0.0710	regular