SmarterDividends
NRK

Nuveen New York AMT-Free Quality Municipal Income Fund

NRK

Financial Services · Stock · monthly payer

Forward Yield

7.46%

Annual Dividend

$0.79

Payout Ratio

259%

5-Yr Growth

7.5%

Ex-Date

Jun 15, 2026

Frequency

Monthly

NRK Dividend Safety Score

48/ 100
Grade D

Risky

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage259% of earnings paid out
Balance-sheet strengthDebt/equity of 0.70
Yield vs its historyYield is 1.3× its 5-yr average — elevated

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

Is NRK a good dividend stock?

Mixed

Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) pays a monthly dividend yielding 7.46% ($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 7.5% 5-yr dividend growth

Risks

  • Cut its dividend in 2023
  • Elevated payout ratio (259%)
  • Share price is down over the past 5 years
  • Below-average dividend safety score

Key Data

Dividend Yield
7.46%
Payout Ratio
259%
Annual Dividend
$0.79
5-Yr Avg Growth
7.5%
Ex-Dividend Date
Jun 15, 2026
Years of Growth
2
Frequency
monthly
Beta
0.64
Market Cap
$918.6M
P/E Ratio
32.9
5-Yr Total Return
-26%
52-Week Range
$9.30 – $10.77
Dividend Safety
D · 48/100
Ever Cut?
Yes (2023)
NRK ex-dividend date & scheduleNext ex-date Jun 15, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $0.79 / yr per share

Per payment (monthly)$6.58
Annual$79.00
Monthly avg$6.58