Nuveen Quality Municipal Income Fund (NAD)

NYSE: NAD · Real-Time Price · USD
12.33
+0.05 (0.41%)
Oct 11, 2024, 4:00 PM EDT - Market closed
0.41%
Market Value 2.88B
Revenue (ttm) 223.76M
Net Income (ttm) 58.19M
Shares Out 233.40M
EPS (ttm) 0.25
PE Ratio 49.46
Forward PE n/a
Dividend $0.91 (7.35%)
Ex-Dividend Date Oct 15, 2024
Volume 585,315
Open 12.28
Previous Close 12.28
Day's Range 12.28 - 12.33
52-Week Range 9.56 - 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]

Sector Financials
Founded 1999
Country United States
Stock Exchange NYSE
Ticker Symbol NAD
Full Company Profile

News

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...

Other symbols: DTFEIMKTFMVF
10 days ago - Seeking Alpha

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.

Other symbols: NEANZF
3 months ago - Forbes

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...

4 months ago - Seeking Alpha

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 ...

Other symbols: MMUNZF
4 months ago - Seeking Alpha

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...

Other symbols: JFRJGHJLSJMMJPCJPIJQC
4 months ago - Business Wire

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...

6 months ago - Seeking Alpha

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...

Other symbols: CBHPDX
7 months ago - Seeking Alpha

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...

Other symbols: BMNMMINMMITNMI
7 months ago - Seeking Alpha

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Other symbols: BKTCBHCCIFCMUCXECXHDHF
7 months ago - Seeking Alpha

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...

Other symbols: JPIPDX
8 months ago - Seeking Alpha

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...

Other symbols: NXP
11 months ago - Seeking Alpha

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...

Other symbols: CCIFCMUEAD
11 months ago - Seeking Alpha

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...

Other symbols: JFRJGHJLSJMMJPCJPIJQC
11 months ago - Business Wire

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 ...

11 months ago - Seeking Alpha

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...

Other symbols: NACNANNAZNCANEANIMNKX
1 year ago - Business Wire

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...

Other symbols: NEANMTNXJ
1 year ago - Business Wire

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...

Other symbols: ETXEVNFMNKSMMMUMQYNEA
1 year ago - Seeking Alpha

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...

Other symbols: FMY
1 year ago - Seeking Alpha

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 ...

Other symbols: BTTNZF
1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: BTTEVNNMCO
1 year ago - Seeking Alpha

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.

Other symbols: PAI
1 year ago - Seeking Alpha

CEF Weekly Review: Unleveraged CEF Income Is Holding Up

We review CEF market valuation and performance through the first week of February and highlight recent market action. CEFs notched another good week with EM sectors underperforming.

Other symbols: FPFPAXSPDOPML
1 year ago - Seeking Alpha

Muni CEF Update: Great Time To Buy But Not Without Challenges

What a difference a year makes - a year ago Muni bond yields were barely above 1% while Muni CEF discounts were close to zero. This time around both bond yields and CEF discounts are at very attractiv...

Other symbols: BTTNZF
1 year ago - Seeking Alpha