Nuveen New York AMT-Free Quality Municipal Income Fund
NRKFinancial Services · Stock · monthly payer
Forward Yield
8.20%
Annual Dividend
$0.79
Payout Ratio
259%
5-Yr Growth
8.1%
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) yields 8.20% ($0.79 per share annually), with a blended fair-value estimate of $13.08 — +35% upside, so it screens as undervalued. Dividend safety grade: C (51/100). 2 years of dividend growth.
Is NRK a good dividend stock?
MixedNuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays a monthly dividend yielding 8.20% ($0.79/yr), with 2 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 8.1% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (259%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.20%
- Payout Ratio
- 259%
- Annual Dividend
- $0.79
- 5-Yr Avg Growth
- 8.1%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.64
- Market Cap
- $836.6M
- P/E Ratio
- 30.0
- 5-Yr Total Return
- -29%
- 52-Week Range
- $9.66 – $10.90
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
NRK Price — Last 12 Months
Daily close
Price Return
1 Year
-4%
3 Years
+7%
5 Years
-29%
52-Week Range
$9.66 – $10.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NRK worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Nuveen New York AMT-Free Quality Municipal Income Fund is $13.08 per share, versus a market price of $9.71. That implies 35% of upside — a margin of safety of about 26%.
Fair Value
$13.08
Current Price
$9.71
Upside
+35%
Margin of Safety
26%
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 4.9% annual free-cash-flow growth. We model 7.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), 7.5% stage-1 growth, 2.5% terminal growth, $0.32 EPS, $0.79 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NRK 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
Full NRK dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0660 | regular |
| Aug 14, 2026 | — | $0.0660 | regular |
| Jul 15, 2026 | — | $0.0660 | regular |
| Jun 15, 2026 | — | $0.0660 | regular |
| May 15, 2026 | — | $0.0690 | regular |
| Apr 15, 2026 | — | $0.0690 | regular |
| Mar 13, 2026 | — | $0.0690 | regular |
| Feb 13, 2026 | — | $0.0690 | regular |
| Jan 15, 2026 | — | $0.0690 | regular |
| Dec 15, 2025 | — | $0.0690 | regular |
| Nov 14, 2025 | — | $0.0690 | regular |
| Oct 15, 2025 | — | $0.0690 | regular |
| Sep 15, 2025 | — | $0.0690 | regular |
| Aug 15, 2025 | — | $0.0690 | regular |
Income Calculator
At $0.79 / yr per share
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