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Nuveen North Carolina Quality Municipal Income Fund

NYSE:NNC
Snowflake Description

Overvalued not a dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NNC
NYSE
$204M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Nuveen North Carolina Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Nuveen North Carolina Quality Municipal Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
NNC Share Price and Events
7 Day Returns
0.1%
NYSE:NNC
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
2.7%
NYSE:NNC
-11.9%
US Capital Markets
3%
US Market
NNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nuveen North Carolina Quality Municipal Income Fund (NNC) 0.1% 1.4% 7% 2.7% -8.6% -0.8%
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • NNC outperformed the Capital Markets industry which returned -11.9% over the past year.

Value

 Is Nuveen North Carolina Quality Municipal Income Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nuveen North Carolina Quality Municipal Income Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nuveen North Carolina Quality Municipal Income Fund.

NYSE:NNC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.73 * 2.9%
$0.43
Book Value of Equity per Share Median Book Value from the past 5 years. $14.73
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NNC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (79.63%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.124 * 5.96%)
9.43%

Discounted Cash Flow Calculation for NYSE:NNC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Nuveen North Carolina Quality Municipal Income Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:NNC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.9% – 9.43%) * $14.73)
$-0.96
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.96 / (9.43% - 2.73%)
$-14.30
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.73 + $-14.30
$0.43
NYSE:NNC Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.43
Current discount Discount to share price of $12.54
= -1 x ($12.54 - $0.43) / $0.43
-2840.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nuveen North Carolina Quality Municipal Income Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nuveen North Carolina Quality Municipal Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nuveen North Carolina Quality Municipal Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $-0.14
NYSE:NNC Share Price ** NYSE (2019-03-20) in USD $12.54
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nuveen North Carolina Quality Municipal Income Fund.

NYSE:NNC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NNC Share Price ÷ EPS (both in USD)

= 12.54 ÷ -0.14

-91.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nuveen North Carolina Quality Municipal Income Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Nuveen North Carolina Quality Municipal Income Fund is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Nuveen North Carolina Quality Municipal Income Fund's expected growth come at a high price?
Raw Data
NYSE:NNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -91.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Nuveen North Carolina Quality Municipal Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nuveen North Carolina Quality Municipal Income Fund's assets?
Raw Data
NYSE:NNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $14.13
NYSE:NNC Share Price * NYSE (2019-03-20) in USD $12.54
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:NNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NNC Share Price ÷ Book Value per Share (both in USD)

= 12.54 ÷ 14.13

0.89x

* Primary Listing of Nuveen North Carolina Quality Municipal Income Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nuveen North Carolina Quality Municipal Income Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Nuveen North Carolina Quality Municipal Income Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Nuveen North Carolina Quality Municipal Income Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 North Carolina 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nuveen North Carolina Quality Municipal Income Fund expected to grow at an attractive rate?
  • Unable to compare Nuveen North Carolina Quality Municipal Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Nuveen North Carolina Quality Municipal Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Nuveen North Carolina Quality Municipal Income Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:NNC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NNC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 14 5 -2
2018-08-31 14 2 -1
2018-05-31 14 0 0
2018-02-28 14 3 7
2017-11-30 14 6 15
2017-08-31 14 -7 7
2017-05-31 14 -19 0
2017-02-28 14 -20 -1
2016-11-30 14 -20 -2
2016-08-31 14 -2 8
2016-05-31 14 16 19
2016-02-29 14 14 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nuveen North Carolina Quality Municipal Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Nuveen North Carolina Quality Municipal Income Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NNC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Nuveen North Carolina Quality Municipal Income Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NNC Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 -0.14
2018-08-31 -0.08
2018-05-31 -0.02
2018-02-28 0.43
2017-11-30 0.88
2017-08-31 0.44
2017-05-31 -0.01
2017-02-28 -0.08
2016-11-30 -0.15
2016-08-31 0.51
2016-05-31 1.18
2016-02-29 0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nuveen North Carolina Quality Municipal Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nuveen North Carolina Quality Municipal Income Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nuveen North Carolina Quality Municipal Income Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nuveen North Carolina Quality Municipal Income Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nuveen North Carolina Quality Municipal Income Fund does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Nuveen North Carolina Quality Municipal Income Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nuveen North Carolina Quality Municipal Income Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Nuveen North Carolina Quality Municipal Income Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nuveen North Carolina Quality Municipal Income Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NNC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 13.97 -2.23 2.54
2018-08-31 13.95 -1.30 2.57
2018-05-31 13.93 -0.36 2.59
2018-02-28 14.01 7.07 2.59
2017-11-30 14.10 14.51 2.60
2017-08-31 14.08 7.17 2.60
2017-05-31 14.06 -0.17 2.61
2017-02-28 13.96 -1.33 2.59
2016-11-30 13.86 -2.48 2.57
2016-08-31 13.80 8.44 2.53
2016-05-31 13.74 19.35 2.49
2016-02-29 13.71 14.89 2.47
2015-11-30 13.67 10.42 2.46
2015-08-31 13.76 11.14 2.50
2015-05-31 13.85 11.86 2.54
2015-02-28 14.25 21.78 2.56
2014-11-30 14.64 31.71 2.57
2014-08-31 15.06 19.80 2.58
2014-05-31 15.47 7.88 2.59
2014-02-28 15.78 -7.33 2.65
2013-11-30 16.09 -22.53 2.71
2013-08-31 15.91 -8.27 2.68
2013-05-31 15.72 6.00 2.66
2013-02-28 13.27 12.89 2.25
2012-11-30 10.82 19.78 1.84
2012-08-31 8.78 15.22 1.49
2012-05-31 6.74 10.66 1.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Nuveen North Carolina Quality Municipal Income Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Nuveen North Carolina Quality Municipal Income Fund used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Nuveen North Carolina Quality Municipal Income Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nuveen North Carolina Quality Municipal Income Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nuveen North Carolina Quality Municipal Income Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nuveen North Carolina Quality Municipal Income Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nuveen North Carolina Quality Municipal Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nuveen North Carolina Quality Municipal Income Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nuveen North Carolina Quality Municipal Income Fund's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nuveen North Carolina Quality Municipal Income Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nuveen North Carolina Quality Municipal Income Fund Company Filings, last reported 3 months ago.

NYSE:NNC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 230.11 162.12 0.05
2018-08-31 230.11 162.12 0.05
2018-05-31 236.82 162.42 0.57
2018-02-28 236.82 162.42 0.57
2017-11-30 241.86 156.94
2017-08-31 241.86 156.94
2017-05-31 246.01 153.98 1.33
2017-02-28 246.01 153.98 1.33
2016-11-30 236.30 154.30
2016-08-31 236.30 154.30
2016-05-31 255.51 125.00 1.15
2016-02-29 255.51 125.00 1.15
2015-11-30 248.53 125.00 0.75
2015-08-31 248.53 125.00 0.75
2015-05-31 246.32 129.50
2015-02-28 246.32 129.50
2014-11-30 248.63 125.54
2014-08-31 248.63 125.54
2014-05-31 246.49 134.46
2014-02-28 246.49 134.46
2013-11-30 228.53 136.81
2013-08-31 228.53 136.81
2013-05-31 248.60 148.58 0.20
2013-02-28 248.60 148.58 0.20
2012-11-30 261.29 148.58 2.02
2012-08-31 261.29 148.58 2.02
2012-05-31 97.50 57.87
  • Nuveen North Carolina Quality Municipal Income Fund's level of debt (70.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (59.8% vs 70.5% today).
  • Debt is not well covered by operating cash flow (2.8%, less than 20% of total debt).
  • Nuveen North Carolina Quality Municipal Income Fund is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Nuveen North Carolina Quality Municipal Income Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nuveen North Carolina Quality Municipal Income Fund has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.44%
Current annual income from Nuveen North Carolina Quality Municipal Income Fund dividends.
If you bought $2,000 of Nuveen North Carolina Quality Municipal Income Fund shares you are expected to receive $69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nuveen North Carolina Quality Municipal Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Nuveen North Carolina Quality Municipal Income Fund's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NNC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NNC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-01 0.432 3.480
2019-01-02 0.432 3.550
2018-12-04 0.440 3.709
2018-11-01 0.440 3.734
2018-10-01 0.440 3.727
2018-09-04 0.440 3.609
2018-08-01 0.476 3.879
2018-07-02 0.476 3.855
2018-06-01 0.476 3.849
2018-05-01 0.476 3.910
2018-04-02 0.476 3.896
2018-03-01 0.476 3.867
2018-02-01 0.528 4.219
2017-12-01 0.620 4.801
2017-11-01 0.528 4.055
2017-10-02 0.528 3.993
2017-09-01 0.528 3.924
2017-07-03 0.528 3.935
2017-06-01 0.528 3.934
2017-05-01 0.528 4.014
2017-04-03 0.528 4.037
2017-03-01 0.538 4.187
2017-02-01 0.558 4.317
2017-01-03 0.558 4.276
2016-12-01 0.116 0.897
2016-11-01 0.558 4.202
2016-10-03 0.558 4.023
2016-09-01 0.558 3.875
2016-08-01 0.588 3.969
2016-07-01 0.588 3.953
2016-06-01 0.588 4.023
2016-05-02 0.588 4.147
2016-04-01 0.588 4.189
2016-03-02 0.588 4.314
2016-02-01 0.588 4.327
2015-12-01 0.588 4.488
2015-11-02 0.588 4.560
2015-10-01 0.588 4.579
2015-09-01 0.588 4.629
2015-08-04 0.684 5.351
2015-07-01 0.588 4.597
2015-06-01 0.588 4.593
2015-05-01 0.588 4.548
2015-04-02 0.588 4.463
2015-03-02 0.588 4.482
2015-02-02 0.606 4.584
2015-01-02 0.606 4.572
2014-12-01 0.947 7.270
2014-11-03 0.636 4.864
2014-10-01 0.636 4.866
2014-09-02 0.636 4.912
2014-08-01 0.636 4.857
2014-07-01 0.636 4.856
2014-06-02 0.636 4.837
2014-05-01 0.604 4.591
2014-04-01 0.604 4.723
2014-03-03 0.604 4.784
2014-02-03 0.604 4.836
2014-01-02 0.604 4.927
2013-12-02 0.604 5.086
2013-11-01 0.604 5.036
2013-10-01 0.604 4.939
2013-09-03 0.604 4.973
2013-08-01 0.604 4.976
2013-07-01 0.604 4.801
2013-06-03 0.604 4.569
2013-05-01 0.604 4.209
2013-04-01 0.604 4.189
2013-03-01 0.604 4.166
2013-02-01 0.660 4.394
2013-01-02 0.660 4.284
2012-12-03 0.660 4.318
2012-11-01 0.708 4.520
2012-10-01 0.708 4.602
2012-09-04 0.708 4.652
2012-08-01 0.708 4.675
2012-07-09 0.576 3.749
2012-06-01 0.684 4.299
2012-05-01 0.684 4.403
2012-04-02 0.684 4.407
2012-03-01 0.684 4.391
2012-02-01 0.702 4.511
2012-01-03 0.702 4.578
2011-12-01 0.702 4.635
2011-11-01 0.702 4.695
2011-10-03 0.702 4.734
2011-09-01 0.702 4.875
2011-08-01 0.744 5.228
2011-07-01 0.744 5.313
2011-06-01 0.744 5.219
2011-05-02 0.744 5.236
2011-04-01 0.744 5.435
2011-03-01 0.744 5.396
2011-02-01 0.744 5.455
2011-01-03 0.744 5.486
2010-12-01 0.744 5.368
2010-11-02 0.744 5.128
2010-10-01 0.744 4.790
2010-09-01 0.744 4.706
2010-08-02 0.744 4.761
2010-07-01 0.744 4.886
2010-06-01 0.744 4.872
2010-05-03 0.744 4.874
2010-04-01 0.744 4.763
2010-03-02 0.744 4.961
2010-02-02 0.744 4.979
2010-01-04 0.744 5.146
2009-12-01 0.744 5.019
2009-11-02 0.708 4.797
2009-10-01 0.708 4.835
2009-09-01 0.708 4.916
2009-08-03 0.660 4.825
2009-07-02 0.660 5.021
2009-06-01 0.660 5.161
2009-05-01 0.660 5.054
2009-04-01 0.606 4.727
2009-03-23 0.606 4.934

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Nuveen North Carolina Quality Municipal Income Fund's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nuveen North Carolina Quality Municipal Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nuveen North Carolina Quality Municipal Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nuveen North Carolina Quality Municipal Income Fund has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nuveen North Carolina Quality Municipal Income Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Nuveen North Carolina Quality Municipal Income Fund has no CEO, or we have no data on them.
Management Team

Stephen Foy

TITLE
Vice President and Controller
AGE
64

Giff Zimmerman

TITLE
Co-General Counsel
AGE
62

Walter Kelly

TITLE
Chief Compliance Officer and Vice President
AGE
48

Kevin McCarthy

TITLE
Vice President and Secretary
AGE
52

Scott Grace

TITLE
Vice President and Treasurer
AGE
48

Tina Lazar

TITLE
Vice President
AGE
57

Lorna Ferguson

TITLE
Vice President
AGE
73

Cedric Antosiewicz

TITLE
Vice President
AGE
56

Bill Adams

TITLE
Vice President and Trustee
AGE
62

Kathleen Prudhomme

TITLE
Vice President and Assistant Secretary
AGE
65
Board of Directors Tenure

Average tenure and age of the Nuveen North Carolina Quality Municipal Income Fund board of directors in years:

13.2
Average Tenure
71
Average Age
  • The average tenure for the Nuveen North Carolina Quality Municipal Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bill Schneider

TITLE
Independent Chairman
COMPENSATION
$1K
AGE
74
TENURE
5.7 yrs

Bill Adams

TITLE
Vice President and Trustee
AGE
62
TENURE
6.2 yrs

Judith Stockdale

TITLE
Independent Trustee
COMPENSATION
$986
AGE
71
TENURE
22.2 yrs

Jack Evans

TITLE
Independent Trustee
COMPENSATION
$958
AGE
70
TENURE
20.2 yrs

Robert Bremner

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
78
TENURE
23.2 yrs

William Hunter

TITLE
Independent Trustee
COMPENSATION
$864
AGE
70
TENURE
15.2 yrs

David Kundert

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
76
TENURE
14.2 yrs

Carole Stone

TITLE
Independent Trustee
COMPENSATION
$993
AGE
71
TENURE
12.2 yrs

Terry Toth

TITLE
Independent Trustee
COMPENSATION
$1K
AGE
59
TENURE
11.2 yrs

Virginia Stringer

TITLE
Independent Trustee
COMPENSATION
$874
AGE
74
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Nuveen North Carolina Quality Municipal Income Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nuveen North Carolina Quality Municipal Income Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Nuveen North Carolina Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of North Carolina. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher. It employs fundamental analysis, with bottom-up stock picking approach, to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor’s North Carolina Municipal Bond Index and Standard & Poor’s National Municipal Bond Index. The fund was formerly known as Nuveen North Carolina Premium Income Municipal Fund. Nuveen North Carolina Quality Municipal Income Fund was formed on May 20, 1993 and is domiciled in the United States.

Details
Name: Nuveen North Carolina Quality Municipal Income Fund
NNC
Exchange: NYSE
Founded: 1993
$203,590,917
16,233,508
Website: http://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NNC
Address: Nuveen North Carolina Quality Municipal Income Fund
333 West Wacker Drive,
Chicago,
Illinois, 60606,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NNC Common Shares New York Stock Exchange US USD 20. May 1993
Number of employees
Current staff
Staff numbers
0
Nuveen North Carolina Quality Municipal Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:53
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/07
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.