SmarterDividends
NEA

Nuveen AMT-Free Quality Municipal Income Fund (NEA) Dividend

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

$10.38

Undervalued · +94% Add to Portfolio

As of Nov 5, 2026, Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays a monthly dividend of $0.0680 per share, or $0.82 a year, a 7.80% yield at its $10.38 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

7.80%

Annual Dividend

$0.82

Payout Ratio

109%

5-Yr Growth

4.8%

Ex-Date

Sep 15, 2026

Frequency

Monthly

Key facts about NEA's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Nuveen AMT-Free Quality Municipal Income Fund (NEA) has a forward dividend yield of 7.80%, based on an annual dividend of $0.82 per share and a share price of $10.38.
  • As of Nov 5, 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 Nov 5, 2026.
  • NEA last cut its regular dividend in 2023.
  • NEA's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0680 per share.
  • As of Nov 5, 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 Nov 5, 2026, NEA's 7.80% yield is 39% above its five-year average yield of 5.62%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for NEA is $20.10 per share, 94% above the $10.38 share price, so NEA screens as undervalued.
  • Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays its dividend monthly, 12 times a year.
  • Nuveen AMT-Free Quality Municipal Income Fund (NEA) has raised its regular dividend 18 times and cut it 22 times across the 288 payments on record since 2003. Its most recent change was a 6.8% cut to $0.0680 per share, going ex-dividend on Sep 15, 2025.
Cite this page

SmarterDividends, "NEA Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/NEA

Is NEA a good dividend stock?

Mixed

Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays a monthly dividend yielding 7.80% ($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

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (109%)
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    7.80%
    Payout Ratio
    109%
    Annual Dividend
    $0.82
    5-Yr Avg Growth
    4.8%
    Ex-Dividend Date
    Sep 15, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.72
    Market Cap
    $3.1B
    P/E Ratio
    13.5
    5-Yr Total Return
    -31%
    52-Week Range
    $9.53 – $11.90
    Dividend Safety
    D · 45/100
    Ever Cut?
    Yes (2023)

    NEA dividend raises and cuts

    Nuveen AMT-Free Quality Municipal Income Fund (NEA) has raised its regular dividend 18 times and cut it 22 times across the 288 payments on record since 2003. Its most recent change was a 6.8% cut to $0.0680 per share, going ex-dividend on Sep 15, 2025.

    Ex-dateChangeOld → newMove
    Sep 15, 2025Cut$0.0730 → $0.0680−6.8%
    Jun 14, 2024Raise$0.0510 → $0.0730+43.1%
    Mar 14, 2024Raise$0.0430 → $0.0510+18.6%
    Nov 14, 2023Raise$0.0350 → $0.0430+22.9%
    Jan 12, 2023Cut$0.0450 → $0.0350−22.2%
    Oct 13, 2022Cut$0.0530 → $0.0450−15.1%
    Apr 13, 2022Cut$0.0590 → $0.0530−10.2%
    Mar 12, 2021Raise$0.0350 → $0.0590+68.6%
    Feb 4, 2021Cut$0.0590 → $0.0350−40.7%
    Oct 14, 2020Raise$0.0570 → $0.0590+3.5%
    May 14, 2020Raise$0.0540 → $0.0570+5.6%
    Dec 12, 2019Raise$0.0420 → $0.0540+28.6%
    Show all 40 changes since 2003
    Ex-dateChangeOld → newMove
    Nov 14, 2019Cut$0.0540 → $0.0420−22.2%
    Jun 14, 2018Cut$0.0580 → $0.0540−6.9%
    Jan 11, 2018Cut$0.0630 → $0.0580−7.9%
    Dec 14, 2017Raise$0.0580 → $0.0630+8.6%
    Sep 14, 2017Cut$0.0620 → $0.0580−6.5%
    Dec 13, 2016Cut$0.0680 → $0.0620−8.8%
    Oct 12, 2016Raise$0.0460 → $0.0680+47.8%
    Sep 20, 2016Raise$0.0170 → $0.0460+170.6%
    Sep 7, 2016Cut$0.0630 → $0.0170−73.0%
    Jan 13, 2016Cut$0.0670 → $0.0630−6.0%
    Dec 11, 2015Raise$0.0630 → $0.0670+6.3%
    Sep 11, 2015Cut$0.0650 → $0.0630−3.1%
    Jun 11, 2015Cut$0.0690 → $0.0650−5.8%
    Jul 11, 2013Raise$0.0680 → $0.0690+1.5%
    Dec 12, 2012Cut$0.0700 → $0.0680−2.9%
    Sep 13, 2011Raise$0.0680 → $0.0700+2.9%
    Dec 11, 2009Raise$0.0650 → $0.0680+4.6%
    Sep 11, 2009Raise$0.0620 → $0.0650+4.8%
    May 13, 2009Raise$0.0590 → $0.0620+5.1%
    Sep 13, 2006Cut$0.0620 → $0.0590−4.8%
    Sep 13, 2005Cut$0.0650 → $0.0620−4.6%
    Jun 13, 2005Cut$0.0690 → $0.0650−5.8%
    Mar 11, 2005Cut$0.0720 → $0.0690−4.2%
    Jan 12, 2005Cut$0.0810 → $0.0720−11.1%
    Dec 13, 2004Raise$0.0750 → $0.0810+8.0%
    Sep 13, 2004Cut$0.0780 → $0.0750−3.8%
    Jan 13, 2004Cut$0.0830 → $0.0780−6.0%
    Dec 11, 2003Raise$0.0780 → $0.0830+6.4%
    Every NEA payment →Download every raise and cut (CSV)
    NEA ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →NEA dividend historyEvery payment, totals by year, raises and cutsView →NEA dividend calculator100 shares pay $82.00 a year, $6.83 each monthCalculate →NEA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is NEA a good dividend stock?

    Mixed. Nuveen AMT-Free Quality Municipal Income Fund (NEA) pays a monthly dividend yielding 7.80% ($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.

    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 $10.38 share price — so it looks undervalued (+94% 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 94% above the current $10.38 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 7.80% ($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. 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 $0.82 per share annually, a forward yield of roughly 7.80%.

    How much dividend does 100 shares of NEA pay?

    At $0.82 per share a year, 100 shares of NEA pay $82.00 a year in dividends before tax, about $6.83 each month. Buying them costs about $1,038 at the Nov 5, 2026 price.

    What is NEA's dividend yield?

    As of Nov 5, 2026, NEA's forward dividend yield is 7.80%, based on a $0.82 annual dividend and a $10.38 share price.

    What is NEA's dividend per share?

    As of Nov 5, 2026, NEA pays $0.82 per share per year, distributed on a monthly basis.

    What is NEA's dividend payout ratio?

    As of Nov 5, 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 Nov 5, 2026, NEA has increased its dividend for 2 consecutive years.

    When is the next NEA ex-dividend date?

    As of Nov 5, 2026, NEA's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0680 per share.

    Income Calculator

    At $0.82 / yr per share

    Per payment (monthly)$6.83
    Annual$82.00
    Monthly avg$6.83
    Full NEA dividend calculator →

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