SmarterDividends
NVG

Nuveen AMT-Free Municipal Credit Income Fund (NVG) Dividend

Nuveen AMT-Free Municipal Credit Income Fund · Financial Services · Asset Management · monthly payer

$11.56

Undervalued · +35% Add to Portfolio

As of Nov 9, 2026, Nuveen AMT-Free Municipal Credit Income Fund (NVG) pays a monthly dividend of $0.0790 per share, or $0.95 a year, a 8.20% yield at its $11.56 share price. It pays every month. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

8.20%

Annual Dividend

$0.95

Payout Ratio

107%

5-Yr Growth

3.5%

Ex-Date

Sep 15, 2026

Frequency

Monthly

Key facts about NVG's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 9, 2026, Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a forward dividend yield of 8.20%, based on an annual dividend of $0.95 per share and a share price of $11.56.
  • As of Nov 9, 2026, NVG's dividend safety grade from SmarterDividends is C (51 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nuveen AMT-Free Municipal Credit Income Fund (NVG) has raised its dividend for 2 consecutive years as of Nov 9, 2026.
  • NVG last cut its regular dividend in 2023.
  • NVG's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.0790 per share.
  • As of Nov 9, 2026, NVG pays out 107% of its trailing 12-month earnings as dividends (its payout ratio).
  • NVG's dividend has grown at an average rate of 3.5% a year over the past five years.
  • As of Nov 9, 2026, NVG's 8.20% yield is 39% above its five-year average yield of 5.89%.
  • As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for NVG is $15.60 per share, 35% above the $11.56 share price, so NVG screens as undervalued.
  • Nuveen AMT-Free Municipal Credit Income Fund (NVG) pays its dividend monthly, 12 times a year.
  • Nuveen AMT-Free Municipal Credit Income Fund (NVG) has raised its regular dividend 21 times and cut it 20 times across the 291 payments on record since 2002. Its most recent change was a 36.2% increase to $0.0790 per share, going ex-dividend on Jun 14, 2024. The last cut went ex-dividend on Jan 12, 2023.
Cite this page

SmarterDividends, "NVG Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/NVG

Is NVG a good dividend stock?

Mixed

Nuveen AMT-Free Municipal Credit Income Fund (NVG) pays a monthly dividend yielding 8.20% ($0.95/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

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (107%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    8.20%
    Payout Ratio
    107%
    Annual Dividend
    $0.95
    5-Yr Avg Growth
    3.5%
    Ex-Dividend Date
    Sep 15, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.81
    Market Cap
    $2.5B
    P/E Ratio
    13.0
    5-Yr Total Return
    -35%
    52-Week Range
    $10.29 – $13.59
    Dividend Safety
    C · 51/100
    Ever Cut?
    Yes (2023)

    NVG dividend raises and cuts

    Nuveen AMT-Free Municipal Credit Income Fund (NVG) has raised its regular dividend 21 times and cut it 20 times across the 291 payments on record since 2002. Its most recent change was a 36.2% increase to $0.0790 per share, going ex-dividend on Jun 14, 2024. The last cut went ex-dividend on Jan 12, 2023.

    Ex-dateChangeOld → newMove
    Jun 14, 2024Raise$0.0580 → $0.0790+36.2%
    Mar 14, 2024Raise$0.0510 → $0.0580+13.7%
    Nov 14, 2023Raise$0.0430 → $0.0510+18.6%
    Jan 12, 2023Cut$0.0550 → $0.0430−21.8%
    Oct 13, 2022Cut$0.0640 → $0.0550−14.1%
    Apr 13, 2022Cut$0.0680 → $0.0640−5.9%
    Oct 14, 2020Raise$0.0660 → $0.0680+3.0%
    Jan 14, 2020Raise$0.0540 → $0.0660+22.2%
    Nov 25, 2019Raise$0.0170 → $0.0540+217.6%
    Nov 14, 2019Cut$0.0660 → $0.0170−74.2%
    Jun 14, 2018Cut$0.0730 → $0.0660−9.6%
    Jan 11, 2018Cut$0.0780 → $0.0730−6.4%
    Show all 41 changes since 2003
    Ex-dateChangeOld → newMove
    Dec 14, 2017Raise$0.0730 → $0.0780+6.8%
    Jan 11, 2017Cut$0.103 → $0.0730−29.1%
    Dec 13, 2016Raise$0.0760 → $0.103+35.5%
    May 11, 2016Raise$0.0500 → $0.0760+52.0%
    Apr 6, 2016Cut$0.0650 → $0.0500−23.1%
    Jan 13, 2016Raise$0.0630 → $0.0650+3.2%
    Jun 11, 2015Raise$0.0610 → $0.0630+3.3%
    Jul 11, 2014Raise$0.0580 → $0.0610+5.2%
    Jan 13, 2014Raise$0.0540 → $0.0580+7.4%
    Oct 10, 2013Cut$0.0550 → $0.0540−1.8%
    Sep 11, 2013Raise$0.0540 → $0.0550+1.9%
    Jun 12, 2013Cut$0.0610 → $0.0540−11.5%
    Mar 13, 2013Cut$0.0690 → $0.0610−11.6%
    Jan 11, 2013Raise$0.0070 → $0.0690+885.7%
    Dec 12, 2012Cut$0.0750 → $0.0070−90.7%
    Sep 13, 2011Raise$0.0700 → $0.0750+7.1%
    Jan 12, 2011Cut$0.0730 → $0.0700−4.1%
    Dec 13, 2010Raise$0.0700 → $0.0730+4.3%
    Sep 11, 2009Raise$0.0650 → $0.0700+7.7%
    May 13, 2009Raise$0.0600 → $0.0650+8.3%
    Sep 11, 2008Raise$0.0580 → $0.0600+3.4%
    Oct 11, 2007Cut$0.0610 → $0.0580−4.9%
    Jun 13, 2007Cut$0.0640 → $0.0610−4.7%
    Sep 13, 2006Cut$0.0670 → $0.0640−4.5%
    Jun 13, 2006Cut$0.0710 → $0.0670−5.6%
    Jun 13, 2005Cut$0.0750 → $0.0710−5.3%
    Mar 11, 2005Cut$0.0780 → $0.0750−3.8%
    Jul 11, 2003Raise$0.0770 → $0.0780+1.3%
    Jun 11, 2003Cut$0.0780 → $0.0770−1.3%
    Every NVG payment →Download every raise and cut (CSV)
    NVG ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →NVG dividend historyEvery payment, totals by year, raises and cutsView →NVG dividend calculator100 shares pay $95.00 a year, $7.92 each monthCalculate →NVG total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is NVG a good dividend stock?

    Mixed. Nuveen AMT-Free Municipal Credit Income Fund (NVG) pays a monthly dividend yielding 8.20% ($0.95/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.

    Is NVG undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NVG's fair value is about $15.60 versus a $11.56 share price — so it looks undervalued (+35% vs. fair value).

    Is NVG's dividend safe?

    NVG has a dividend-safety grade of C (51/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is NVG's fair value?

    Our blended fair-value estimate for NVG is about $15.60 per share, roughly 35% above the current $11.56 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NVG a buy, hold, or sell?

    We don't issue formal ratings, but on the data NVG screens as "mixed" and undervalued. Nuveen AMT-Free Municipal Credit Income Fund (NVG) pays a monthly dividend yielding 8.20% ($0.95/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. This is research for your own analysis, not investment advice.

    Will NVG cut its dividend?

    NVG earns a dividend-safety grade of C (51/100), 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 NVG pay a dividend?

    Yes. Nuveen AMT-Free Municipal Credit Income Fund pays a monthly dividend of about $0.95 per share annually, a forward yield of roughly 8.20%.

    How much dividend does 100 shares of NVG pay?

    At $0.95 per share a year, 100 shares of NVG pay $95.00 a year in dividends before tax, about $7.92 each month. Buying them costs about $1,156 at the Nov 9, 2026 price.

    What is NVG's dividend yield?

    As of Nov 9, 2026, NVG's forward dividend yield is 8.20%, based on a $0.95 annual dividend and a $11.56 share price.

    What is NVG's dividend per share?

    As of Nov 9, 2026, NVG pays $0.95 per share per year, distributed on a monthly basis.

    What is NVG's dividend payout ratio?

    As of Nov 9, 2026, NVG's payout ratio is 107% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NVG grown its dividend?

    As of Nov 9, 2026, NVG has increased its dividend for 2 consecutive years.

    When is the next NVG ex-dividend date?

    As of Nov 9, 2026, NVG's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.0790 per share.

    Income Calculator

    At $0.95 / yr per share

    Per payment (monthly)$7.92
    Annual$95.00
    Monthly avg$7.92
    Full NVG dividend calculator →

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