Nuveen New York Quality Municipal Income Fund
NANFinancial Services · Stock · monthly payer
Forward Yield
7.78%
Annual Dividend
$0.82
Payout Ratio
240%
5-Yr Growth
7.3%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen New York Quality Municipal Income Fund (NAN) yields 7.78% ($0.82 per share annually), with a blended fair-value estimate of $18.35 — +75% upside, so it screens as undervalued. Dividend safety grade: D (49/100). 2 years of dividend growth.
Is NAN a good dividend stock?
MixedNuveen New York Quality Municipal Income Fund (NAN) pays a monthly dividend yielding 7.78% ($0.82/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 7.3% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (240%)
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 7.78%
- Payout Ratio
- 240%
- Annual Dividend
- $0.82
- 5-Yr Avg Growth
- 7.3%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.57
- Market Cap
- $351.5M
- P/E Ratio
- 29.1
- 5-Yr Total Return
- -29%
- 52-Week Range
- $10.45 – $11.80
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NAN Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+8%
5 Years
-29%
52-Week Range
$10.45 – $11.80
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NAN worth?
Undervaluedlow confidenceOur blended fair-value estimate for Nuveen New York Quality Municipal Income Fund is $18.35 per share, versus a market price of $10.47. That implies 75% of upside — a margin of safety of about 43%.
Fair Value
$18.35
Current Price
$10.47
Upside
+75%
Margin of Safety
43%
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 13.8% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.1% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.36 EPS, $0.82 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NAN 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.0680 | regular |
| Jul 15, 2026 | — | $0.0680 | regular |
| Jun 15, 2026 | — | $0.0680 | regular |
| May 15, 2026 | — | $0.0720 | regular |
| Apr 15, 2026 | — | $0.0720 | regular |
| Mar 13, 2026 | — | $0.0720 | regular |
| Feb 13, 2026 | — | $0.0720 | regular |
| Jan 15, 2026 | — | $0.0720 | regular |
| Dec 15, 2025 | — | $0.0720 | regular |
| Nov 14, 2025 | — | $0.0720 | regular |
| Oct 15, 2025 | — | $0.0720 | regular |
| Sep 15, 2025 | — | $0.0720 | regular |
| Aug 15, 2025 | — | $0.0720 | regular |
| Jul 15, 2025 | — | $0.0720 | regular |
Income Calculator
At $0.82 / yr per share
