Nuveen Quality Municipal Income Fund (NAD)
| Market Value | 2.68B |
| Revenue (ttm) | 223.76M |
| Net Income (ttm) | 58.19M |
| Shares Out | 233.40M |
| EPS (ttm) | 0.25 |
| PE Ratio | 46.05 |
| Forward PE | n/a |
| Dividend | $0.91 (7.94%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 985,024 |
| Open | 11.48 |
| Previous Close | 11.46 |
| Day's Range | 11.45 - 11.59 |
| 52-Week Range | 10.84 - 12.47 |
| Beta | 0.50 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About NAD
Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade securities with an average maturity of around 18 years. The fund employs fundamental analysis wit... [Read more]
News
NAD Vs. NXP Revisited: Time To Delever
Nuveen Quality Municipal Income Fund distributions are only about 52% covered by investment income. NAD is also leveraged, which helped returns in 2024 but may not be an advantage going forward as rat...
PIMCO CEF Update: Muni Coverage And The Premium Mystery
We take a look at the PIMCO CEFs coverage, valuation, and performance. Distribution coverage for PIMCO's Muni CEFs has surged, coinciding to the retirement of auction-rate preferreds, but the increase...
Municipal CEF Update: Discounts And Rates Deliver A Rally
We discuss Muni CEF performance, distributions and valuations in this latest update. Municipal CEFs have outperformed due to high rates, wide discounts, and rising distributions, however the easy mone...
Forget NVIDIA: These ‘Boring' 7.7% Dividends Just Jumped 30%
Some of our favorite high-yield dividends just did something stunning: They sent their investors' payouts soaring—in some cases by more than 30% overnight.
NAD: Undercovered Dividend Suboptimal But Not Yet A Reason To Sell
Recent large dividend hikes in Nuveen closed end muni bond funds now have NAD paying out two times what it is earning in investment income. Overdistribution erodes a fund's net asset value and earning...
Municipal CEF Update: High Yields And Wide Discounts
Municipal CEFs have seen distribution hikes in response to activist attacks, aiming to tighten discounts and attract additional demand. Municipal bonds offer attractive valuations, high tax exemption ...
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare fo...
NAD: Barely A Dip Reflects Underlying Strength
Bonds are dropping on "higher for longer" rate expectations, creating a buying opportunity. Nuveen Quality Muni Income Fund has attractive relative strength and munis look insulated from external shoc...
CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)
We review CEF market valuation and performance through the second week of March and highlight recent market action. All sectors of the closed-end fund market saw a rise in NAVs, but discounts were mix...
Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride
We take a look at the municipal sector after a rollercoaster ride. We find that longer-duration munis remain attractive, particularly relative to corporate bonds. Separately, muni CEF discounts are wi...
CEF Weekly Review: Invesco Succumbs To Peer Pressure
We review CEF market valuation and performance through the first week of February and highlight recent market action. All but one sector rallied this week despite Powell taking away the March cut punc...
NAD Vs. NXP: Leverage, Quality, And Duration In Muni Bond Funds
The Nuveen Quality Municipal Income Fund is expected to outperform unlevered funds in a falling rate environment. The Nuveen Select Tax-Free Income Portfolio is an unlevered fund with a similar long t...
CEF Weekly Review: Deleveraging Is Less Damaging For Net Income These Days
We review CEF market valuation and performance through the fourth week of November and highlight recent market action. CEFs had a good week, with November coming in as the second-best month in the las...
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trust...
NAD: Quality Municipal Bond CEF With High Leverage Usage
Nuveen Quality Municipal Income Fund is a high-level leverage fund within Nuveen's National Investment-grade Municipal Bond CEFs. NAD aims to provide current income exempt from federal income tax and ...
Nuveen Municipal Closed-End Funds Announce Distribution Updates
NEW YORK--(BUSINESS WIRE)--Today, the Board of Trustees of certain Nuveen municipal closed-end funds declared regular monthly distribution rates and updated certain distribution policies. Additionally...
Board Announces Removal of Merger Proposals from Annual Meeting Agenda
NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) and Nuveen Quality Municipal Income Fund (NYSE:NAD) as well as Nuveen Massachusetts Qual...
Municipal Bond CEF Update Aug 2023: Valuations Are Incredible
Municipal bonds experienced a drop in 2022 due to rising interest rates, presenting a buying opportunity. Muni closed-end funds have higher portfolio yields, but net investment income has been affecte...
CEF Weekly Review: Coverage Continues To Stabilize
We review CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs were down with Munis underperforming due to the continued rise in Treasury yie...
Municipal CEF Update: Valuation In The Sweet Spot
In this article, we take a fresh look at the tax-exempt Municipal CEF sector. Both Muni CEF discounts and yields are near their decade-high level, making the sector valuation attractive. We highlight ...
Nuveen Quality Muni Income Fund: The Pain May Be Over Soon
Leveraged closed-end bond funds have faced challenges in the past year due to rising interest rates, with the Nuveen Quality Municipal Income Fund experiencing a total return of around -10%. The sprea...
CEF Weekly Review: The Mirage Of 8+% Through-The-Cycle CEF Yields
We review CEF market valuation and performance through the last week of March and highlight recent market action. CEFs had a strong week with nearly all sectors finishing in the green as investors app...
Municipal CEF Sector Update: A Trio Of Tailwinds
Tax-exempt municipal bonds have had a tough ride since 2022; however, the sector enjoys a number of current and upcoming tailwinds. These tailwinds include a stabilization and likely increase in net i...
NAD And PAI: Choosing Quality
NAD is a leveraged municipal bond fund emphasizing higher credit quality. PAI is a non-leveraged fund focused on investment-grade corporate bonds.