Nuveen Core Plus Impact Fund
NPCTFinancial Services · Stock · monthly payer
Forward Yield
11.39%
Annual Dividend
$1.07
Payout Ratio
188%
5-Yr Growth
—
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Core Plus Impact Fund (NPCT) yields 11.39% ($1.07 per share annually), with a blended fair-value estimate of $13.41 — +41% upside, so it screens as undervalued. Dividend safety grade: D (45/100). 2 years of dividend growth.
Is NPCT a good dividend stock?
MixedNuveen Core Plus Impact Fund (NPCT) pays a monthly dividend yielding 11.39% ($1.07/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 2025
- Elevated payout ratio (188%)
- 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
- 11.39%
- Payout Ratio
- 188%
- Annual Dividend
- $1.07
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- —
- Market Cap
- $267.1M
- P/E Ratio
- 14.5
- 5-Yr Total Return
- -49%
- 52-Week Range
- $9.46 – $11.05
- Dividend Safety
- D · 45/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
NPCT Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+5%
5 Years
-49%
52-Week Range
$9.46 – $11.05
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NPCT worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Nuveen Core Plus Impact Fund is $13.41 per share, versus a market price of $9.48. That implies 41% of upside — a margin of safety of about 29%.
Fair Value
$13.41
Current Price
$9.48
Upside
+41%
Margin of Safety
29%
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 -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.64 EPS, $1.07 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NPCT 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 NPCT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0900 | regular |
| Aug 14, 2026 | — | $0.0900 | regular |
| Jul 15, 2026 | — | $0.0900 | regular |
| Jun 15, 2026 | — | $0.0900 | regular |
| May 15, 2026 | — | $0.0990 | regular |
| Apr 15, 2026 | — | $0.0990 | regular |
| Mar 13, 2026 | — | $0.0990 | regular |
| Feb 13, 2026 | — | $0.0990 | regular |
| Jan 15, 2026 | — | $0.0990 | regular |
| Dec 15, 2025 | — | $0.0990 | regular |
| Nov 14, 2025 | — | $0.1080 | regular |
| Oct 15, 2025 | — | $0.1080 | regular |
| Sep 15, 2025 | — | $0.1080 | regular |
| Aug 15, 2025 | — | $0.1080 | regular |
Income Calculator
At $1.07 / yr per share
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