Variant Alternative Income Fund LP
NICHXStock · monthly payer
Forward Yield
9.25%
Annual Dividend
$2.40
Payout Ratio
—
5-Yr Growth
8.7%
Ex-Date
—
Frequency
Monthly
Summary
As of July 2026, Variant Alternative Income Fund LP (NICHX) yields 9.25% ($2.40 per share annually), with a blended fair-value estimate of $46.89 — +81% upside, so it screens as undervalued. Dividend safety grade: C (54/100).
Is NICHX a good dividend stock?
MixedVariant Alternative Income Fund LP (NICHX) pays a monthly dividend yielding 9.25% ($2.40/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 8.7% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.25%
- Payout Ratio
- —
- Annual Dividend
- $2.40
- 5-Yr Avg Growth
- 8.7%
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- —
- 5-Yr Total Return
- -7%
- 52-Week Range
- —
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
NICHX Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-12%
5 Years
-7%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NICHX worth?
Undervaluedlow confidenceOur blended fair-value estimate for Variant Alternative Income Fund LP is $46.89 per share, versus a market price of $25.91. That implies 81% of upside — a margin of safety of about 45%.
Fair Value
$46.89
Current Price
$25.91
Upside
+81%
Margin of Safety
45%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.3% discount rate (CAPM), 8.7% stage-1 growth, 2.5% terminal growth, $2.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NICHX Dividend Safety Score
Borderline
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 |
|---|---|---|---|
| Jun 29, 2026 | — | $0.1950 | regular |
| May 28, 2026 | — | $0.1960 | regular |
| Apr 29, 2026 | — | $0.1960 | regular |
| Mar 30, 2026 | — | $0.6000 | regular |
| Dec 30, 2025 | — | $0.6050 | regular |
| Sep 29, 2025 | — | $0.6050 | regular |
| Jun 27, 2025 | — | $0.6090 | regular |
| Mar 28, 2025 | — | $0.6150 | regular |
| Dec 30, 2024 | — | $0.8310 | regular |
| Sep 27, 2024 | — | $0.6230 | regular |
| Jun 27, 2024 | — | $0.6250 | regular |
| Mar 28, 2024 | — | $0.6500 | regular |
| Dec 28, 2023 | — | $1.6090 | regular |
| Sep 28, 2023 | — | $0.4430 | regular |
Income Calculator
At $2.40 / yr per share
