NICH

Variant Alternative Income Fund (NICHX) Dividend

Variant Alternative Income Fund LP · monthly payer

$25.68

As of Nov 8, 2026, Variant Alternative Income Fund (NICHX) pays a monthly dividend of $0.1940 per share, or $2.38 a year, a 9.25% yield at its $25.68 share price. It pays every month. It has a dividend safety grade of C.

Forward Yield

9.25%

Annual Dividend

$2.38

Payout Ratio

—

5-Yr Growth

8.7%

Ex-Date

—

Frequency

Monthly

Key facts about NICHX's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Variant Alternative Income Fund LP (NICHX) has a forward dividend yield of 9.25%, based on an annual dividend of $2.38 per share and a share price of $25.68.
As of Nov 8, 2026, NICHX's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
NICHX last cut its regular dividend in 2025.
NICHX's most recent ex-dividend date was Sep 29, 2026, for a dividend of $0.19 per share.
NICHX's dividend has grown at an average rate of 8.7% a year over the past five years.
As of Nov 8, 2026, NICHX's 9.25% yield is 21% above its five-year average yield of 7.62%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NICHX is $50.55 per share, 97% above the $25.68 share price, so NICHX screens as undervalued.
Variant Alternative Income Fund LP (NICHX) pays its dividend monthly, 12 times a year.
Variant Alternative Income Fund LP (NICHX) has raised its regular dividend 14 times and cut it 4 times across the 34 payments on record since 2018. Its most recent change was a 67.3% cut to $0.196 per share, going ex-dividend on Apr 29, 2026.

Cite this page

SmarterDividends, "NICHX Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/NICHX

Is NICHX a good dividend stock?

Mixed

Variant Alternative Income Fund LP (NICHX) pays a monthly dividend yielding 9.25% ($2.38/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: $2.38
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: -9%
52-Week Range: —
Dividend Safety: C · 52/100
Ever Cut?: Yes (2025)

NICHX dividend raises and cuts

Variant Alternative Income Fund LP (NICHX) has raised its regular dividend 14 times and cut it 4 times across the 34 payments on record since 2018. Its most recent change was a 67.3% cut to $0.196 per share, going ex-dividend on Apr 29, 2026.

Ex-date	Change	Old → new	Move
Apr 29, 2026	Cut	$0.600 → $0.196	−67.3%
Mar 28, 2025	Cut	$0.831 → $0.615	−26.0%
Dec 30, 2024	Raise	$0.623 → $0.831	+33.4%
Jun 27, 2024	Cut	$0.650 → $0.625	−3.8%
Mar 28, 2024	Raise	$0.443 → $0.650	+46.7%
Sep 28, 2023	Raise	$0.438 → $0.443	+1.1%
Jun 29, 2023	Raise	$0.437 → $0.438	+0.2%
Mar 30, 2023	Raise	$0.434 → $0.437	+0.7%
Dec 29, 2022	Raise	$0.422 → $0.434	+2.8%
Dec 30, 2021	Raise	$0.421 → $0.424	+0.7%
Sep 29, 2021	Raise	$0.414 → $0.421	+1.7%
Jun 29, 2021	Raise	$0.408 → $0.414	+1.5%

Show all 18 changes since 2019

Ex-date	Change	Old → new	Move
Mar 30, 2021	Raise	$0.401 → $0.408	+1.7%
Dec 30, 2020	Raise	$0.399 → $0.401	+0.5%
Mar 30, 2020	Raise	$0.400 → $0.404	+1.0%
Dec 30, 2019	Raise	$0.397 → $0.400	+0.8%
Sep 27, 2019	Raise	$0.387 → $0.397	+2.6%
Jun 27, 2019	Cut	$0.402 → $0.387	−3.7%

Every NICHX payment →Download every raise and cut (CSV)

NICHX ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →NICHX dividend historyEvery payment, totals by year, raises and cutsView →NICHX dividend calculator100 shares pay $237.50 a year, $19.79 each monthCalculate →

Frequently Asked Questions

Is NICHX a good dividend stock?

Mixed. Variant Alternative Income Fund LP (NICHX) pays a monthly dividend yielding 9.25% ($2.38/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.

Is NICHX undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NICHX's fair value is about $50.55 versus a $25.68 share price — so it looks undervalued (+97% vs. fair value).

Is NICHX's dividend safe?

NICHX has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is NICHX's fair value?

Our blended fair-value estimate for NICHX is about $50.55 per share, roughly 97% above the current $25.68 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NICHX a buy, hold, or sell?

We don't issue formal ratings, but on the data NICHX screens as "mixed" and undervalued. Variant Alternative Income Fund LP (NICHX) pays a monthly dividend yielding 9.25% ($2.38/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. This is research for your own analysis, not investment advice.

Will NICHX cut its dividend?

NICHX earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NICHX pay a dividend?

Yes. Variant Alternative Income Fund LP pays a monthly dividend of about $2.38 per share annually, a forward yield of roughly 9.25%.

How much dividend does 100 shares of NICHX pay?

At $2.38 per share a year, 100 shares of NICHX pay $237.50 a year in dividends before tax, about $19.79 each month. Buying them costs about $2,568 at the Nov 8, 2026 price.

What is NICHX's dividend yield?

As of Nov 8, 2026, NICHX's forward dividend yield is 9.25%, based on a $2.38 annual dividend and a $25.68 share price.

What is NICHX's dividend per share?

As of Nov 8, 2026, NICHX pays $2.38 per share per year, distributed on a monthly basis.

How many years has NICHX grown its dividend?

NICHX does not currently have a long dividend-growth streak on record.

When is the next NICHX ex-dividend date?

As of Nov 8, 2026, NICHX's next ex-dividend date hasn't been announced. The most recent was Sep 29, 2026, for $0.19 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full NICHX dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 29, 2026	Sep 29, 2026	$0.1940	regular
Aug 28, 2026	Aug 28, 2026	$0.1940	regular
Jul 30, 2026	Jul 30, 2026	$0.1950	regular
Jun 29, 2026	Jun 29, 2026	$0.1950	regular
May 28, 2026	May 28, 2026	$0.1960	regular
Apr 29, 2026	Apr 29, 2026	$0.1960	regular
Mar 30, 2026	Mar 30, 2026	$0.6000	regular
Dec 30, 2025	Dec 30, 2025	$0.6050	regular
Sep 29, 2025	Sep 29, 2025	$0.6050	regular
Jun 27, 2025	Jun 27, 2025	$0.6090	regular
Mar 28, 2025	Mar 28, 2025	$0.6150	regular
Dec 30, 2024	Dec 30, 2024	$0.8310	regular
Sep 27, 2024	Sep 27, 2024	$0.6230	regular
Jun 27, 2024	Jun 27, 2024	$0.6250	regular