SmarterDividends
NRK

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) Dividend

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

$9.68

Undervalued · +43% Add to Portfolio

As of Nov 8, 2026, Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays a monthly dividend of $0.0660 per share, or $0.79 a year, a 8.12% yield at its $9.68 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

8.12%

Annual Dividend

$0.79

Payout Ratio

259%

5-Yr Growth

8.1%

Ex-Date

Sep 15, 2026

Frequency

Monthly

Key facts about NRK's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) has a forward dividend yield of 8.12%, based on an annual dividend of $0.79 per share and a share price of $9.68.
  • As of Nov 8, 2026, NRK's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
  • NRK last cut its regular dividend in 2023.
  • NRK's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0660 per share.
  • As of Nov 8, 2026, NRK pays out 259% of its trailing 12-month earnings as dividends (its payout ratio).
  • NRK's dividend has grown at an average rate of 8.1% a year over the past five years.
  • As of Nov 8, 2026, NRK's 8.12% yield is 45% above its five-year average yield of 5.61%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for NRK is $13.88 per share, 43% above the $9.68 share price, so NRK screens as undervalued.
  • Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays its dividend monthly, 12 times a year.
  • Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) has raised its regular dividend 8 times and cut it 21 times across the 284 payments on record since 2003. Its most recent change was a 4.3% cut to $0.0660 per share, going ex-dividend on Jun 15, 2026.
Cite this page

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

Is NRK a good dividend stock?

Mixed

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays a monthly dividend yielding 8.12% ($0.79/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

  • 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
  • Below-average dividend safety score

Key Data

Dividend Yield
8.12%
Payout Ratio
259%
Annual Dividend
$0.79
5-Yr Avg Growth
8.1%
Ex-Dividend Date
Sep 15, 2026
Years of Growth
2
Frequency
monthly
Beta
0.68
Market Cap
$844.4M
P/E Ratio
30.3
5-Yr Total Return
-30%
52-Week Range
$9.01 – $10.90
Dividend Safety
D · 46/100
Ever Cut?
Yes (2023)

NRK dividend raises and cuts

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) has raised its regular dividend 8 times and cut it 21 times across the 284 payments on record since 2003. Its most recent change was a 4.3% cut to $0.0660 per share, going ex-dividend on Jun 15, 2026.

Ex-dateChangeOld → newMove
Jun 15, 2026Cut$0.0690 → $0.0660−4.3%
Jun 14, 2024Raise$0.0470 → $0.0690+46.8%
Mar 14, 2024Raise$0.0410 → $0.0470+14.6%
Nov 14, 2023Raise$0.0350 → $0.0410+17.1%
Jan 12, 2023Cut$0.0410 → $0.0350−14.6%
Oct 13, 2022Cut$0.0480 → $0.0410−14.6%
Jun 12, 2020Raise$0.0450 → $0.0480+6.7%
Mar 14, 2018Cut$0.0480 → $0.0450−6.3%
Dec 14, 2017Cut$0.0510 → $0.0480−5.9%
Sep 14, 2017Cut$0.0540 → $0.0510−5.6%
Dec 13, 2016Cut$0.0560 → $0.0540−3.6%
Sep 13, 2016Cut$0.0590 → $0.0560−5.1%
Show all 29 changes since 2004
Ex-dateChangeOld → newMove
Jun 11, 2015Cut$0.0610 → $0.0590−3.3%
Jan 13, 2015Cut$0.0620 → $0.0610−1.6%
Dec 11, 2014Cut$0.0650 → $0.0620−4.6%
Sep 11, 2014Cut$0.0690 → $0.0650−5.8%
May 13, 2013Raise$0.0570 → $0.0690+21.1%
Dec 12, 2012Cut$0.0590 → $0.0570−3.4%
Sep 13, 2011Cut$0.0620 → $0.0590−4.8%
Jan 13, 2010Raise$0.0580 → $0.0620+6.9%
Sep 11, 2009Raise$0.0550 → $0.0580+5.5%
Jan 11, 2008Cut$0.0560 → $0.0550−1.8%
Dec 12, 2007Raise$0.0550 → $0.0560+1.8%
Jun 13, 2006Cut$0.0590 → $0.0550−6.8%
Sep 13, 2005Cut$0.0610 → $0.0590−3.3%
Jun 13, 2005Cut$0.0640 → $0.0610−4.7%
Mar 11, 2005Cut$0.0670 → $0.0640−4.5%
Dec 13, 2004Cut$0.0700 → $0.0670−4.3%
Sep 13, 2004Cut$0.0730 → $0.0700−4.1%
Every NRK payment →Download every raise and cut (CSV)
NRK ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →NRK dividend historyEvery payment, totals by year, raises and cutsView →NRK dividend calculator100 shares pay $79.00 a year, $6.58 each monthCalculate →NRK total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is NRK a good dividend stock?

Mixed. Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays a monthly dividend yielding 8.12% ($0.79/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 NRK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NRK's fair value is about $13.88 versus a $9.68 share price — so it looks undervalued (+43% vs. fair value).

Is NRK's dividend safe?

NRK has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is NRK's fair value?

Our blended fair-value estimate for NRK is about $13.88 per share, roughly 43% above the current $9.68 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NRK a buy, hold, or sell?

We don't issue formal ratings, but on the data NRK screens as "mixed" and undervalued. Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays a monthly dividend yielding 8.12% ($0.79/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 NRK cut its dividend?

NRK earns a dividend-safety grade of D (46/100), 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 NRK pay a dividend?

Yes. Nuveen New York AMT-Free Quality Municipal Income Fund pays a monthly dividend of about $0.79 per share annually, a forward yield of roughly 8.12%.

How much dividend does 100 shares of NRK pay?

At $0.79 per share a year, 100 shares of NRK pay $79.00 a year in dividends before tax, about $6.58 each month. Buying them costs about $968 at the Nov 8, 2026 price.

What is NRK's dividend yield?

As of Nov 8, 2026, NRK's forward dividend yield is 8.12%, based on a $0.79 annual dividend and a $9.68 share price.

What is NRK's dividend per share?

As of Nov 8, 2026, NRK pays $0.79 per share per year, distributed on a monthly basis.

What is NRK's dividend payout ratio?

As of Nov 8, 2026, NRK's payout ratio is 259% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NRK grown its dividend?

As of Nov 8, 2026, NRK has increased its dividend for 2 consecutive years.

When is the next NRK ex-dividend date?

As of Nov 8, 2026, NRK's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0660 per share.

Income Calculator

At $0.79 / yr per share

Per payment (monthly)$6.58
Annual$79.00
Monthly avg$6.58
Full NRK dividend calculator →

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