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NAD

Nuveen Quality Municipal Income FundNYSE:NAD Stock Report

Last Price

US$14.47

Market Cap

US$3.4b

7D

-5.5%

1Y

-4.6%

Updated

21 Jan, 2022

Data

Company Financials
NAD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends3/6

NAD Stock Overview

Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Quality Municipal Income Fund
Historical stock prices
Current Share PriceUS$14.47
52 Week HighUS$16.45
52 Week LowUS$14.42
Beta0.19
1 Month Change-8.01%
3 Month Change-5.79%
1 Year Change-4.61%
3 Year Change10.37%
5 Year Change3.95%
Change since IPO-3.93%

Recent News & Updates

Oct 17

NAD: Recent Sell-Off Looks Like A Buying Opportunity To Me

The muni market, including NAD, has been facing some weakness. I would use that as an opportunity to build to positions. Duration risk in the sector is high, so rising inflation metrics do have me concerned about total return. This is why I would time my purchases very carefully. Credit risk, especially in the investment grade realm, remains very limited. Municipal tax receipts recovered quickly since the first half of 2020, and I see minimal defaults going forward. The calls for higher tax rates remain an important tailwind, although there are other legislative actions that could mitigate this impact.

May 10

Nuveen Quality Municipal Income Fund declares $0.0595 dividend

Nuveen Quality Municipal Income Fund (NAD) declares $0.0595/share monthly dividend, in line with previous.Forward yield 4.59%Payable June 1; for shareholders of record May 14; ex-div May 13.See NAD Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Quality Municipal Income Fund declares $0.0595 dividend

Nuveen Quality Municipal Income Fund (NAD) declares $0.0595/share monthly dividend, in line with previous.Forward yield 4.68%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NAD Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

Nuveen Quality Municipal Income Fund declares $0.0595 dividend

Nuveen Quality Municipal Income Fund (NAD) declares $0.0595/share monthly dividend, in line with previous.Forward yield 4.76%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NAD Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 30

NAD Provides Investors Safer CEF For Municipal Bond Exposure

Introduction With President-elect Biden promising higher tax rates, high income investors might want more tax-exempt income investments. While he says only the top 2% of returns will be effected, massive deficits have others doubting that promise can hold. Investors also have concerns that COVID-19-reduced state and local tax revenues might cause municipal bond downgrades or defaults to spike in the next few years. Either one of those events would reduce the values of any bond

Nov 03

Nuveen Quality Municipal Income Fund declares $0.0595 dividend

Nuveen Quality Municipal Income Fund (NAD) declares $0.0595/share monthly dividend, in line with previous.Forward yield 4.92%Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 12.See NAD Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

NADUS Capital MarketsUS Market
7D-5.5%-5.5%-4.6%
1Y-4.6%24.6%7.7%

Return vs Industry: NAD underperformed the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: NAD underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is NAD's price volatile compared to industry and market?
NAD volatility
NAD Average Weekly Movement1.5%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: NAD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: NAD's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NQU&refsrc=vu_nuveen.com/nqu

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.

Nuveen Quality Municipal Income Fund Fundamentals Summary

How do Nuveen Quality Municipal Income Fund's earnings and revenue compare to its market cap?
NAD fundamental statistics
Market CapUS$3.38b
Earnings (TTM)US$231.34m
Revenue (TTM)US$214.42m

14.6x

P/E Ratio

15.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NAD income statement (TTM)
RevenueUS$214.42m
Cost of RevenueUS$0
Gross ProfitUS$214.42m
Expenses-US$16.92m
EarningsUS$231.34m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.99
Gross Margin100.00%
Net Profit Margin107.89%
Debt/Equity Ratio57.3%

How did NAD perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

72%

Payout Ratio

Valuation

Is Nuveen Quality Municipal Income Fund undervalued compared to its fair value and its price relative to the market?

7.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NAD ($14.47) is trading below our estimate of fair value ($15.59)

Significantly Below Fair Value: NAD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NAD is good value based on its PE Ratio (14.6x) compared to the US Capital Markets industry average (15.2x).

PE vs Market: NAD is good value based on its PE Ratio (14.6x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NAD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NAD is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (37.6x).

Future Growth

How is Nuveen Quality Municipal Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Quality Municipal Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Nuveen Quality Municipal Income Fund performed over the past 5 years?

46.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NAD has a large one-off gain of $69.1M impacting its October 31 2021 financial results.

Growing Profit Margin: NAD's current net profit margins are higher than last year (49.5%).


Past Earnings Growth Analysis

Earnings Trend: NAD has become profitable over the past 5 years, growing earnings by 46.7% per year.

Accelerating Growth: NAD's earnings growth over the past year (124.9%) exceeds its 5-year average (46.7% per year).

Earnings vs Industry: NAD earnings growth over the past year (124.9%) exceeded the Capital Markets industry 87.1%.


Return on Equity

High ROE: NAD's Return on Equity (6.2%) is considered low.

Financial Health

How is Nuveen Quality Municipal Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: NAD's short term assets ($149.4M) do not cover its short term liabilities ($172.3M).

Long Term Liabilities: NAD's short term assets ($149.4M) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: NAD's net debt to equity ratio (57.2%) is considered high.

Reducing Debt: NAD's debt to equity ratio has increased from 55.7% to 57.3% over the past 5 years.

Debt Coverage: NAD's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: NAD's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet

Dividend

What is Nuveen Quality Municipal Income Fund current dividend yield, its reliability and sustainability?

4.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NAD's dividend (4.93%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: NAD's dividend (4.93%) is in the top 25% of dividend payers in the US market (3.49%)


Stability and Growth of Payments

Stable Dividend: NAD's dividend payments have been volatile in the past 10 years.

Growing Dividend: NAD's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72%), NAD's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

16.0yrs

Average board tenure


CEO

Nuveen Quality Municipal Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: NAD's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.3%.


Top Shareholders

Company Information

Nuveen Quality Municipal Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Quality Municipal Income Fund
  • 333 West Wacker Drive
  • Chicago
  • Illinois
  • 60606
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:02
End of Day Share Price2022/01/20 00:00
Earnings2021/10/31
Annual Earnings2021/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.