company background image
NMI

Nuveen Municipal Income FundNYSE:NMI Stock Report

Last Price

US$11.29

Market Cap

US$109.3m

7D

-0.7%

1Y

-0.6%

Updated

19 Jan, 2022

Data

Company Financials
NMI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

NMI Stock Overview

Nuveen Municipal Income Fund, Inc. 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 Municipal Income Fund
Historical stock prices
Current Share PriceUS$11.29
52 Week HighUS$12.83
52 Week LowUS$11.00
Beta-0.025
1 Month Change-5.29%
3 Month Change-1.91%
1 Year Change-0.62%
3 Year Change8.56%
5 Year Change-1.23%
Change since IPO-6.89%

Recent News & Updates

May 10

Nuveen Municipal Income Fund declares $0.033 dividend

Nuveen Municipal Income Fund (NMI) declares $0.033/share monthly dividend, in line with previous.Forward yield 3.42%Payable June 1; for shareholders of record May 14; ex-div May 13.See NMI Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Municipal Income Fund declares $0.033 dividend

Nuveen Municipal Income Fund (NMI) declares $0.033/share monthly dividend, in line with previous.Forward yield 3.49%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NMI Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

Nuveen Municipal Income Fund declares $0.033 dividend

Nuveen Municipal Income Fund (NMI) declares $0.033/share monthly dividend, in line with previous.Forward yield 3.48%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NMI Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

Nuveen Municipal Income Fund declares $0.033 dividend

Nuveen Municipal Income Fund (NMI) declares $0.033/share monthly dividend, in line with previous.Forward yield 3.5%Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 12.See NMI Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

NMIUS Capital MarketsUS Market
7D-0.7%-5.5%-4.6%
1Y-0.6%24.6%7.7%

Return vs Industry: NMI underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: NMI underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is NMI's price volatile compared to industry and market?
NMI volatility
NMI Average Weekly Movement2.7%
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: NMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NMI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NMI&refsrc=vu_nuveen.com/nmi

Nuveen Municipal Income Fund, Inc. 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 primarily invests in municipal obligations issued by state and local government authorities.

Nuveen Municipal Income Fund Fundamentals Summary

How do Nuveen Municipal Income Fund's earnings and revenue compare to its market cap?
NMI fundamental statistics
Market CapUS$109.33m
Earnings (TTM)US$5.21m
Revenue (TTM)US$4.31m

21.0x

P/E Ratio

25.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NMI income statement (TTM)
RevenueUS$4.31m
Cost of RevenueUS$0
Gross ProfitUS$4.31m
Expenses-US$902.10k
EarningsUS$5.21m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin100.00%
Net Profit Margin120.92%
Debt/Equity Ratio0.0%

How did NMI perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

73%

Payout Ratio

Valuation

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

20.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NMI ($11.29) is trading above our estimate of fair value ($5.64)

Significantly Below Fair Value: NMI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NMI is poor value based on its PE Ratio (21x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: NMI is poor value based on its PE Ratio (21x) compared to the US market (17x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NMI is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.2x).

Future Growth

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

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NMI has a large one-off gain of $1.7M impacting its October 31 2021 financial results.

Growing Profit Margin: NMI's current net profit margins are higher than last year (39.2%).


Past Earnings Growth Analysis

Earnings Trend: NMI's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: NMI's earnings growth over the past year (198.1%) exceeds its 5-year average (22.5% per year).

Earnings vs Industry: NMI earnings growth over the past year (198.1%) exceeded the Capital Markets industry 86.4%.


Return on Equity

High ROE: NMI's Return on Equity (4.6%) is considered low.

Financial Health

How is Nuveen Municipal Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: NMI's short term assets ($3.8M) exceed its short term liabilities ($2.1M).

Long Term Liabilities: NMI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NMI is debt free.

Reducing Debt: NMI had no debt 5 years ago.

Debt Coverage: NMI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NMI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

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

2.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NMI's dividend (2.87%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: NMI's dividend (2.87%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.4%), NMI'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 Municipal Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: NMI'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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.


Top Shareholders

Company Information

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


Key Information


Location

  • Nuveen Municipal Income Fund, Inc.
  • 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 Analysis2022/01/19 23:34
End of Day Share Price2022/01/19 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.