Nuveen Quality Municipal Income Fund
NADFinancial Services · Stock · monthly payer
Forward Yield
8.14%
Annual Dividend
$0.85
Payout Ratio
109%
5-Yr Growth
7.2%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Quality Municipal Income Fund (NAD) yields 8.14% ($0.85 per share annually), with a blended fair-value estimate of $12.21 — +15% upside, so it screens as fairly valued. Dividend safety grade: D (46/100). 2 years of dividend growth.
Is NAD a good dividend stock?
MixedNuveen Quality Municipal Income Fund (NAD) pays a monthly dividend yielding 8.14% ($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 (109%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 8.14%
- Payout Ratio
- 109%
- Annual Dividend
- $0.85
- 5-Yr Avg Growth
- 7.2%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.64
- Market Cap
- $2.4B
- P/E Ratio
- 12.8
- 5-Yr Total Return
- -32%
- 52-Week Range
- $10.59 – $12.31
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NAD Price — Last 12 Months
Daily close
Price Return
1 Year
-11%
3 Years
+8%
5 Years
-32%
52-Week Range
$10.59 – $12.31
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NAD worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Nuveen Quality Municipal Income Fund is $12.21 per share, versus a market price of $10.63. That implies the stock is roughly fairly priced.
Fair Value
$12.21
Current Price
$10.63
Gap
+15%
Margin of Safety
13%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 15.4% annual free-cash-flow growth. We model 6.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.5% discount rate (CAPM), 6.5% stage-1 growth, 2.5% terminal growth, $0.79 EPS, $0.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NAD Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NAD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0710 | regular |
| Aug 14, 2026 | — | $0.0710 | regular |
| Jul 15, 2026 | — | $0.0710 | regular |
| Jun 15, 2026 | — | $0.0710 | regular |
| May 15, 2026 | — | $0.0710 | regular |
| Apr 15, 2026 | — | $0.0710 | regular |
| Mar 13, 2026 | — | $0.0710 | regular |
| Feb 13, 2026 | — | $0.0710 | regular |
| Jan 15, 2026 | — | $0.0710 | regular |
| Dec 15, 2025 | — | $0.0710 | regular |
| Nov 14, 2025 | — | $0.0710 | regular |
| Oct 15, 2025 | — | $0.0710 | regular |
| Sep 15, 2025 | — | $0.0710 | regular |
| Aug 15, 2025 | — | $0.0760 | regular |
Income Calculator
At $0.85 / yr per share
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