Nuveen AMT-Free Quality Municipal Income Fund
NEAFinancial Services · Asset Management · Stock · monthly payer
Forward Yield
8.22%
Annual Dividend
$0.87
Payout Ratio
109%
5-Yr Growth
4.8%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Key facts about NEA's dividend
Data as of · Source: SmarterDividends data
- As of Oct 14, 2026, Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a forward dividend yield of 8.22%, based on an annual dividend of $0.87 per share and a share price of $9.93.
- As of Oct 14, 2026, NEA's dividend safety grade from SmarterDividends is D (45 out of 100), which rates the dividend as unsafe.
- By SmarterDividends' count, Nuveen AMT-Free Quality Municipal Income Fund (NEA) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
- NEA last cut its regular dividend in 2023.
- NEA'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, NEA pays out 109% of its trailing 12-month earnings as dividends (its payout ratio).
- NEA's dividend has grown at an average rate of 4.8% a year over the past five years.
- As of Oct 14, 2026, NEA's 8.22% yield is 46% above its five-year average yield of 5.62%.
- As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for NEA is $20.10 per share, 102% above the $9.93 share price, so NEA screens as undervalued.
- Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays its dividend monthly, 12 times a year.
Cite this page
SmarterDividends, "NEA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/NEA
Summary
As of Oct 14, 2026, Nuveen AMT-Free Quality Municipal Income Fund (NEA) yields 8.22% ($0.87 a year per share), has a dividend safety grade of D (45/100) and has 2 consecutive years of dividend increases on record.
Is NEA a good dividend stock?
MixedNuveen AMT-Free Quality Municipal Income Fund (NEA) pays a monthly dividend yielding 8.22% ($0.87/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
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
- 8.22%
- Payout Ratio
- 109%
- Annual Dividend
- $0.87
- 5-Yr Avg Growth
- 4.8%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.71
- Market Cap
- $3.0B
- P/E Ratio
- 12.9
- 5-Yr Total Return
- -34%
- 52-Week Range
- $9.53 – $11.90
- Dividend Safety
- D · 45/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Is NEA a good dividend stock?
Mixed. Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays a monthly dividend yielding 8.22% ($0.87/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 NEA undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NEA's fair value is about $20.10 versus a $9.93 share price — so it looks undervalued (+102% vs. fair value).
Is NEA's dividend safe?
NEA has a dividend-safety grade of D (45/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.
What is NEA's fair value?
Our blended fair-value estimate for NEA is about $20.10 per share, roughly 102% above the current $9.93 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NEA a buy, hold, or sell?
We don't issue formal ratings, but on the data NEA screens as "mixed" and undervalued. Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays a monthly dividend yielding 8.22% ($0.87/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 NEA cut its dividend?
NEA earns a dividend-safety grade of D (45/100), 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 NEA pay a dividend?
Yes. Nuveen AMT-Free Quality Municipal Income Fund pays a monthly dividend of about $0.87 per share annually, a forward yield of roughly 8.22%.
What is NEA's dividend yield?
As of Oct 14, 2026, NEA's forward dividend yield is 8.22%, based on a $0.87 annual dividend and a $9.93 share price.
What is NEA's dividend per share?
As of Oct 14, 2026, NEA pays $0.87 per share per year, distributed on a monthly basis.
What is NEA's dividend payout ratio?
As of Oct 14, 2026, NEA's payout ratio is 109% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has NEA grown its dividend?
As of Oct 14, 2026, NEA has increased its dividend for 2 consecutive years.
When is the next NEA ex-dividend date?
As of Oct 14, 2026, the next ex-dividend date on record for NEA is Oct 15, 2026.
NEA Price — Last 12 Months
Daily close
Price Return
1 Year
-14%
3 Years
+6%
5 Years
-34%
52-Week Range
$9.53 – $11.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NEA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Nuveen AMT-Free Quality Municipal Income Fund is $20.10 per share, versus a market price of $9.93. That implies 102% of upside — a margin of safety of about 51%.
Fair Value
$20.10
Current Price
$9.93
Upside
+102%
Margin of Safety
51%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 8.6% growth for five years fading to 2.5% over the next five, $0.77 EPS, $0.82 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NEA 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 NEA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Oct 1, 2026 | $0.0680 | regular |
| Aug 14, 2026 | Sep 1, 2026 | $0.0680 | regular |
| Jul 15, 2026 | Aug 3, 2026 | $0.0680 | regular |
| Jun 15, 2026 | Jul 1, 2026 | $0.0680 | regular |
| May 15, 2026 | Jun 1, 2026 | $0.0680 | regular |
| Apr 15, 2026 | May 1, 2026 | $0.0680 | regular |
| Mar 13, 2026 | Apr 1, 2026 | $0.0680 | regular |
| Feb 13, 2026 | Mar 2, 2026 | $0.0680 | regular |
| Jan 15, 2026 | Feb 2, 2026 | $0.0680 | regular |
| Dec 15, 2025 | Dec 31, 2025 | $0.0680 | regular |
| Nov 14, 2025 | Dec 1, 2025 | $0.0680 | regular |
| Oct 15, 2025 | Nov 3, 2025 | $0.0680 | regular |
| Sep 15, 2025 | Oct 1, 2025 | $0.0680 | regular |
| Aug 15, 2025 | Sep 2, 2025 | $0.0730 | regular |
Income Calculator
At $0.87 / yr per share
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