NXN Stock Overview
Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc.
Nuveen New York Select Tax-Free Income Portfolio Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$11.82|
|52 Week High||US$14.50|
|52 Week Low||US$11.31|
|1 Month Change||-2.64%|
|3 Month Change||-11.33%|
|1 Year Change||-15.63%|
|3 Year Change||-14.78%|
|5 Year Change||-14.41%|
|Change since IPO||-21.20%|
Recent News & Updates
Nuveen New York Select Tax-Free Income Portfolio declares $0.0345 dividend
Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.0345/share monthly dividend, in line with previous.Forward yield 2.92%Payable June 1; for shareholders of record May 14; ex-div May 13.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen New York Select Tax-Free Income Portfolio declares $0.037 dividend
Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.037/share monthly dividend, -6.3% decrease from prior dividend of $0.040.Forward yield 3.17%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen New York Select Tax-Free Income Portfolio declares $0.0395 dividend
Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.0395/share monthly dividend, in line with previous.Forward yield 3.6%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.
Nuveen New York Select Tax-Free Income Portfolio declares $0.0395 dividend
Nuveen New York Select Tax-Free Income Portfolio (NXN) declares $0.0395/share monthly dividend, in line with previous.Forward yield 3.56%Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 12.See NXN Dividend Scorecard, Yield Chart, & Dividend Growth.
|NXN||US Capital Markets||US Market|
Return vs Industry: NXN underperformed the US Capital Markets industry which returned -14% over the past year.
Return vs Market: NXN underperformed the US Market which returned -13.2% over the past year.
|NXN Average Weekly Movement||2.1%|
|Capital Markets Industry Average Movement||0.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: NXN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NXN's weekly volatility (2%) has been stable over the past year.
About the Company
Nuveen New York Select Tax-Free Income Portfolio 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 New York. The fund invests in the securities of companies that operate across diversified sectors.
Nuveen New York Select Tax-Free Income Portfolio Fundamentals Summary
|NXN fundamental statistics|
Is NXN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NXN income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.59|
|Net Profit Margin||119.71%|
How did NXN perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Is Nuveen New York Select Tax-Free Income Portfolio undervalued compared to its fair value and its price relative to the market?
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NXN ($11.82) is trading above our estimate of fair value ($6.23)
Significantly Below Fair Value: NXN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NXN is good value based on its Price-To-Earnings Ratio (20x) compared to the US Capital Markets industry average (29.6x).
PE vs Market: NXN is poor value based on its Price-To-Earnings Ratio (20x) compared to the US market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NXN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NXN is overvalued based on its Price-To-Book Ratio (0.8x) compared to the US Capital Markets industry average (-18.8x).
How is Nuveen New York Select Tax-Free Income Portfolio forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 New York Select Tax-Free Income Portfolio 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.
How has Nuveen New York Select Tax-Free Income Portfolio performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NXN has a large one-off gain of $610.6K impacting its September 30 2021 financial results.
Growing Profit Margin: NXN's current net profit margins are higher than last year (52.3%).
Past Earnings Growth Analysis
Earnings Trend: NXN's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: NXN's earnings growth over the past year (109.3%) exceeds its 5-year average (14.9% per year).
Earnings vs Industry: NXN earnings growth over the past year (109.3%) exceeded the Capital Markets industry 96.7%.
Return on Equity
High ROE: NXN's Return on Equity (4.1%) is considered low.
How is Nuveen New York Select Tax-Free Income Portfolio's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NXN's short term assets ($2.0M) exceed its short term liabilities ($202.4K).
Long Term Liabilities: NXN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NXN is debt free.
Reducing Debt: NXN has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
Debt Coverage: NXN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NXN has no debt, therefore coverage of interest payments is not a concern.
What is Nuveen New York Select Tax-Free Income Portfolio current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NXN's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: NXN's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (4.06%).
Stability and Growth of Payments
Stable Dividend: NXN's dividend payments have been volatile in the past 10 years.
Growing Dividend: NXN's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74%), NXN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Nuveen New York Select Tax-Free Income Portfolio has no CEO, or we have no data on them.
Experienced Board: NXN's board of directors are seasoned and experienced ( 16.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nuveen New York Select Tax-Free Income Portfolio's employee growth, exchange listings and data sources
- Name: Nuveen New York Select Tax-Free Income Portfolio
- Ticker: NXN
- Exchange: NYSE
- Founded: 1992
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$46.392m
- Shares outstanding: 3.92m
- Website: https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NXN
- Nuveen New York Select Tax-Free Income Portfolio
- 333 West Wacker Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 00:00|
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.