SmarterDividends
NZF

Nuveen Municipal Credit Income Fund

NZF

Financial Services · Asset Management · Stock · monthly payer

$10.92

Undervalued · +63% Add to Portfolio

Forward Yield

8.74%

Annual Dividend

$0.95

Payout Ratio

105%

5-Yr Growth

4.6%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about NZF's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 14, 2026, Nuveen Municipal Credit Income Fund (NZF) has a forward dividend yield of 8.74%, based on an annual dividend of $0.95 per share and a share price of $10.92.
  • As of Oct 14, 2026, NZF's dividend safety grade from SmarterDividends is C (53 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Nuveen Municipal Credit Income Fund (NZF) has raised its dividend for 2 consecutive years as of Oct 14, 2026.
  • NZF last cut its regular dividend in 2022.
  • NZF's next ex-dividend date is Oct 15, 2026, with payment on Nov 2, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 14, 2026, NZF pays out 105% of its trailing 12-month earnings as dividends (its payout ratio).
  • NZF's dividend has grown at an average rate of 4.6% a year over the past five years.
  • As of Oct 14, 2026, NZF's 8.74% yield is 49% above its five-year average yield of 5.86%.
  • As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for NZF is $17.85 per share, 63% above the $10.92 share price, so NZF screens as undervalued.
  • Nuveen Municipal Credit Income Fund (NZF) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "NZF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/NZF

Summary

As of Oct 14, 2026, Nuveen Municipal Credit Income Fund (NZF) yields 8.74% ($0.95 a year per share), has a dividend safety grade of C (53/100) and has 2 consecutive years of dividend increases on record.

Is NZF a good dividend stock?

Mixed

Nuveen Municipal Credit Income Fund (NZF) pays a monthly dividend yielding 8.74% ($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 2022
    • Elevated payout ratio (105%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    8.74%
    Payout Ratio
    105%
    Annual Dividend
    $0.95
    5-Yr Avg Growth
    4.6%
    Ex-Dividend Date
    Oct 15, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.76
    Market Cap
    $2.1B
    P/E Ratio
    12.0
    5-Yr Total Return
    -35%
    52-Week Range
    $10.45 – $13.02
    Dividend Safety
    C · 53/100
    Ever Cut?
    Yes (2022)
    NZF ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →NZF dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is NZF a good dividend stock?

    Mixed. Nuveen Municipal Credit Income Fund (NZF) pays a monthly dividend yielding 8.74% ($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 NZF undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NZF's fair value is about $17.85 versus a $10.92 share price — so it looks undervalued (+63% vs. fair value).

    Is NZF's dividend safe?

    NZF has a dividend-safety grade of C (53/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is NZF's fair value?

    Our blended fair-value estimate for NZF is about $17.85 per share, roughly 63% above the current $10.92 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is NZF a buy, hold, or sell?

    We don't issue formal ratings, but on the data NZF screens as "mixed" and undervalued. Nuveen Municipal Credit Income Fund (NZF) pays a monthly dividend yielding 8.74% ($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 NZF cut its dividend?

    NZF earns a dividend-safety grade of C (53/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does NZF pay a dividend?

    Yes. Nuveen Municipal Credit Income Fund pays a monthly dividend of about $0.95 per share annually, a forward yield of roughly 8.74%.

    What is NZF's dividend yield?

    As of Oct 14, 2026, NZF's forward dividend yield is 8.74%, based on a $0.95 annual dividend and a $10.92 share price.

    What is NZF's dividend per share?

    As of Oct 14, 2026, NZF pays $0.95 per share per year, distributed on a monthly basis.

    What is NZF's dividend payout ratio?

    As of Oct 14, 2026, NZF's payout ratio is 105% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has NZF grown its dividend?

    As of Oct 14, 2026, NZF has increased its dividend for 2 consecutive years.

    When is the next NZF ex-dividend date?

    As of Oct 14, 2026, the next ex-dividend date on record for NZF is Oct 15, 2026.

    Income Calculator

    At $0.95 / yr per share

    Per payment (monthly)$7.95
    Annual$95.40
    Monthly avg$7.95

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