NAC Stock Overview
About the company
Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody’s Investors Service, Inc. or Standard & Poor’s, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor’s (S&P) California Municipal Bond Index and Standard & Poor’s (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.
Snowflake Analysis
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
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Nuveen California Quality Municipal Income Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.86 |
| 52 Week High | US$13.21 |
| 52 Week Low | US$10.14 |
| Beta | 0.34 |
| 1 Month Change | 0.28% |
| 3 Month Change | 0% |
| 1 Year Change | -15.02% |
| 3 Year Change | -21.02% |
| 5 Year Change | -19.26% |
| Change since IPO | -28.20% |
Recent News & Updates
Nuveen CA Dividend Advantage Muni. Fund goes ex-dividend tomorrow
Feb 13Nuveen CA Dividend Advantage Muni. Fund decreases monthly dividend by -19.1% to $0.036/share
Jan 11Nuveen CA Dividend Advantage Muni. Fund declares $0.0445 dividend
Dec 06Nuveen CA Dividend Advantage Muni. Fund declares $0.0445 dividend
Nov 04Nuveen CA Dividend Advantage Muni. Fund reduces dividend by 13.6%
Oct 06Recent updates
Nuveen CA Dividend Advantage Muni. Fund goes ex-dividend tomorrow
Feb 13Nuveen CA Dividend Advantage Muni. Fund decreases monthly dividend by -19.1% to $0.036/share
Jan 11Nuveen CA Dividend Advantage Muni. Fund declares $0.0445 dividend
Dec 06Nuveen CA Dividend Advantage Muni. Fund declares $0.0445 dividend
Nov 04Nuveen CA Dividend Advantage Muni. Fund reduces dividend by 13.6%
Oct 06Nuveen CA Dividend Advantage Muni. Fund declares $0.0515 dividend
Aug 08Nuveen CA Dividend Advantage Muni. Fund declares $0.0515 dividend
Jul 06NAC: Cali Munis Have Some Merit At These Levels
Mar 07Nuveen CA Dividend Advantage Muni. Fund declares $0.0545 dividend
May 10Nuveen CA Dividend Advantage Muni. Fund declares $0.0545 dividend
Jan 05Nuveen CA Dividend Advantage Muni. Fund declares $0.0545 dividend
Dec 02Nuveen CA Dividend Advantage Muni. Fund declares $0.0545 dividend
Nov 03Shareholder Returns
| NAC | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.3% | 0.02% | 1.3% |
| 1Y | -15.0% | -18.9% | -14.6% |
Return vs Industry: NAC exceeded the US Capital Markets industry which returned -18.9% over the past year.
Return vs Market: NAC matched the US Market which returned -14.6% over the past year.
Price Volatility
| NAC volatility | |
|---|---|
| NAC Average Weekly Movement | 1.6% |
| Capital Markets Industry Average Movement | 0.6% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: NAC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NAC's weekly volatility (2%) has been stable over the past year.
Nuveen California Quality Municipal Income Fund Fundamentals Summary
| NAC fundamental statistics | |
|---|---|
| Market Cap | US$1.57b |
| Earnings (TTM) | -US$376.09m |
| Revenue (TTM) | US$129.62m |
12.1x
P/S Ratio-4.2x
P/E RatioIs NAC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NAC income statement (TTM) | |
|---|---|
| Revenue | US$129.62m |
| Cost of Revenue | US$0 |
| Gross Profit | US$129.62m |
| Other Expenses | US$505.71m |
| Earnings | -US$376.09m |
Last Reported Earnings
Aug 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.60 |
| Gross Margin | 100.00% |
| Net Profit Margin | -290.15% |
| Debt/Equity Ratio | 67.7% |
How did NAC perform over the long term?
See historical performance and comparison