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Nuveen Municipal Credit Income Fund

NYSE:NZF
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NZF
NYSE
$2B
Market Cap
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Last updated 2019/03/20 23:53
Company description

Nuveen Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The last earnings update was 72 days ago. More info.


Add to Portfolio Compare Print
  • Nuveen Municipal Credit 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.
NZF Share Price and Events
7 Day Returns
-0.1%
NYSE:NZF
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
6.3%
NYSE:NZF
-11.9%
US Capital Markets
3%
US Market
NZF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nuveen Municipal Credit Income Fund (NZF) -0.1% 4.4% 12.4% 6.3% 0.7% 14.1%
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
  • NZF outperformed the Capital Markets industry which returned -11.9% over the past year.
  • NZF outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
NZF
Industry
5yr Volatility vs Market

NZF Value

 Is Nuveen Municipal Credit 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
  • It is not possible to calculate the future cash flow value for Nuveen Municipal Credit Income Fund. This is due to cash flow or dividend data being unavailable. The share price is $14.92.
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 Municipal Credit Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nuveen Municipal Credit Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NZF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $-0.13
NYSE:NZF Share Price ** NYSE (2019-03-20) in USD $14.92
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 Municipal Credit Income Fund.

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

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

= 14.92 ÷ -0.13

 -113.2x

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

  • Nuveen Municipal Credit Income Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Nuveen Municipal Credit 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 Municipal Credit Income Fund's expected growth come at a high price?
Raw Data
NYSE:NZF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -113.2x
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 Municipal Credit 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 Municipal Credit Income Fund's assets?
Raw Data
NYSE:NZF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $15.07
NYSE:NZF Share Price * NYSE (2019-03-20) in USD $14.92
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:NZF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.92 ÷ 15.07

 0.99x

* Primary Listing of Nuveen Municipal Credit Income Fund.

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

  • Nuveen Municipal Credit Income Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Nuveen Municipal Credit 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 Municipal Credit 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.

NZF Future Performance

 How is Nuveen Municipal Credit 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 Municipal Credit 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 Municipal Credit Income Fund expected to grow at an attractive rate?
  • Unable to compare Nuveen Municipal Credit 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 Municipal Credit Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Nuveen Municipal Credit 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:NZF 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:NZF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:NZF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:NZF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 168 -54 -19
2018-07-31 169 -12 49
2018-04-30 169 30 116
2018-01-31 170 103 100
2017-10-31 171 176 84
2017-07-31 172 73 35
2017-04-30 173 -31 -15
2017-01-31 141 -75 36
2016-10-31 109 -118 86
2016-07-31 76 -53 74
2016-04-30 42 11 62
2016-01-31 40 18 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nuveen Municipal Credit Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Nuveen Municipal Credit 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:NZF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Nuveen Municipal Credit Income Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NZF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:NZF Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 -0.13
2018-07-31 0.34
2018-04-30 0.81
2018-01-31 0.70
2017-10-31 0.59
2017-07-31 0.24
2017-04-30 -0.10
2017-01-31 0.25
2016-10-31 0.60
2016-07-31 0.52
2016-04-30 0.43
2016-01-31 0.31

*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 Municipal Credit Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nuveen Municipal Credit 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 Municipal Credit 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.

NZF Past Performance

  How has Nuveen Municipal Credit 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 Municipal Credit 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 Municipal Credit Income Fund does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Nuveen Municipal Credit Income Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nuveen Municipal Credit Income Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Nuveen Municipal Credit 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 Municipal Credit Income Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NZF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 168.50 -18.73 25.33
2018-07-31 168.93 48.54 26.69
2018-04-30 169.36 115.82 28.05
2018-01-31 170.15 100.00 29.18
2017-10-31 170.94 84.18 30.31
2017-07-31 171.77 34.70 30.46
2017-04-30 172.59 -14.78 30.61
2017-01-31 140.90 35.59 25.18
2016-10-31 109.22 85.96 19.76
2016-07-31 75.66 73.74 13.46
2016-04-30 42.11 61.52 7.17
2016-01-31 40.29 43.51 6.51
2015-10-31 38.46 25.50 5.84
2015-07-31 38.25 40.39 5.89
2015-04-30 38.04 55.28 5.93
2015-01-31 38.52 71.13 5.99
2014-10-31 39.00 86.98 6.06
2014-07-31 39.27 38.52 5.93
2014-04-30 39.55 -9.95 5.81
2014-01-31 39.47 -23.51 5.87
2013-10-31 39.40 -37.08 5.93
2013-07-31 39.63 11.77 6.03
2013-04-30 39.87 60.62 6.13
2013-01-31 41.13 79.71 6.14
2012-10-31 42.39 98.80 6.15
2012-07-31 44.12 104.45 6.00
2012-04-30 45.85 110.11 5.85

*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 Municipal Credit Income Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Nuveen Municipal Credit 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 Municipal Credit 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 Municipal Credit 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 Municipal Credit 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.

NZF Health

 How is Nuveen Municipal Credit 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 Municipal Credit Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nuveen Municipal Credit Income Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nuveen Municipal Credit 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 Municipal Credit 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 0.1x 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 Municipal Credit Income Fund Company Filings, last reported 4 months ago.

NYSE:NZF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 2,141.68 1,417.71
2018-07-31 2,141.68 1,417.71
2018-04-30 2,197.62 1,386.94 19.40
2018-01-31 2,197.62 1,386.94 19.40
2017-10-31 2,278.90 1,246.91 3.26
2017-07-31 2,278.90 1,246.91 3.26
2017-04-30 2,206.54 550.53
2017-01-31 2,206.54 550.53
2016-10-31 2,321.76 1,298.16 0.11
2016-07-31 2,321.76 1,298.16 0.11
2016-04-30 2,350.05 1,097.80 1.41
2016-01-31 2,350.05 1,097.80 1.41
2015-10-31 571.79 272.45 2.47
2015-07-31 571.79 272.45 2.47
2015-04-30 574.36 272.45 4.21
2015-01-31 574.36 272.45 4.21
2014-10-31 574.72 267.95 1.00
2014-07-31 574.72 267.95 1.00
2014-04-30 609.33 285.41 4.88
2014-01-31 609.33 285.41 4.88
2013-10-31 578.51 283.61 3.58
2013-07-31 578.51 283.61 3.58
2013-04-30 647.83 283.61 4.01
2013-01-31 647.83 283.61 4.01
2012-10-31 645.99 283.61 6.11
2012-07-31 645.99 283.61 6.11
2012-04-30 621.94 283.61 15.28
  • Nuveen Municipal Credit Income Fund's level of debt (66.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49% vs 66.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Nuveen Municipal Credit Income Fund is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Nuveen Municipal Credit 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 Municipal Credit 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.

NZF Dividends

 What is Nuveen Municipal Credit 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
5.31%
Current annual income from Nuveen Municipal Credit Income Fund dividends.
If you bought $2,000 of Nuveen Municipal Credit Income Fund shares you are expected to receive $106 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 Municipal Credit Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Nuveen Municipal Credit Income Fund's dividend is above 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:NZF 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:NZF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:NZF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-01 0.792 5.476
2019-01-02 0.792 5.625
2018-12-04 0.802 5.933
2018-11-01 0.802 5.962
2018-10-01 0.802 5.854
2018-09-04 0.802 5.506
2018-08-01 0.802 5.481
2018-07-02 0.802 5.568
2018-06-01 0.802 5.566
2018-05-01 0.850 5.911
2018-04-02 0.840 5.951
2018-03-01 0.882 6.246
2018-02-01 0.850 5.998
2017-12-01 0.956 6.349
2017-11-01 0.888 5.852
2017-10-02 0.888 5.861
2017-09-01 0.888 5.787
2017-07-03 0.888 5.861
2017-06-01 0.888 5.922
2017-05-01 0.888 6.005
2017-04-03 0.888 6.079
2017-03-01 0.890 6.278
2017-02-01 0.888 6.210
2017-01-03 0.888 6.192
2016-11-01 0.912 6.474
2016-10-03 0.912 6.053
2016-09-01 0.912 5.801
2016-08-01 0.912 5.714
2016-07-01 0.912 5.714
2016-06-01 0.912 5.802
2016-03-29 0.828 5.407
2016-03-02 0.828 5.623
2016-02-01 0.828 5.663
2015-12-01 0.828 5.829
2015-11-02 0.798 5.819
2015-10-01 0.798 5.818
2015-09-01 0.798 5.899
2015-08-04 0.798 5.880
2015-07-01 0.798 5.916
2015-06-01 0.798 5.917
2015-05-01 0.768 5.575
2015-04-02 0.768 5.434
2015-03-02 0.768 5.478
2015-02-02 0.750 5.301
2015-01-02 0.750 5.290
2014-12-01 0.770 5.586
2014-11-03 0.750 5.482
2014-10-01 0.750 5.458
2014-09-02 0.750 5.364
2014-08-01 0.750 5.364
2014-07-01 0.750 5.476
2014-06-02 0.714 5.288
2014-05-01 0.714 5.286
2014-04-01 0.714 5.422
2014-03-03 0.714 5.470
2014-02-03 0.714 5.506
2014-01-02 0.714 5.625
2013-12-02 0.696 5.701
2013-11-01 0.696 5.671
2013-10-01 0.696 5.559
2013-09-03 0.696 5.631
2013-08-01 0.696 5.718
2013-07-01 0.696 5.477
2013-06-03 0.696 5.183
2013-05-01 0.750 5.201
2013-04-01 0.750 5.101
2013-03-01 0.750 5.091
2013-02-01 0.792 5.228
2013-01-02 0.792 5.131
2012-12-03 0.792 5.147
2012-11-01 0.944 5.912
2012-10-01 0.944 6.034
2012-09-04 0.944 6.113
2012-08-01 0.944 6.173
2012-07-02 0.944 6.168
2012-06-01 0.944 6.290
2012-05-01 0.984 6.434
2012-04-02 0.984 6.541
2012-03-01 0.984 6.586
2012-02-01 0.984 6.494
2012-01-03 0.984 6.696
2011-12-01 1.022 7.014
2011-11-01 0.984 6.874
2011-10-03 0.984 7.039
2011-09-01 0.984 6.989
2011-08-01 0.984 7.184
2011-07-01 0.984 7.174
2011-06-01 0.984 7.232
2011-05-02 0.984 7.354
2011-04-01 0.984 7.500
2011-03-01 0.984 7.457
2011-02-01 0.984 7.548
2011-01-03 0.984 7.617
2010-12-01 1.000 7.470
2010-11-02 0.984 6.928
2010-10-01 0.984 6.714
2010-09-01 0.984 6.646
2010-08-02 0.984 6.541
2010-07-01 0.984 6.758
2010-06-01 0.984 6.880
2010-05-03 0.936 6.655
2010-04-01 0.936 6.628
2010-03-02 0.936 6.668
2010-02-02 0.936 6.657
2010-01-04 0.936 6.806
2009-12-01 1.001 7.469
2009-11-02 0.894 6.717
2009-10-01 0.894 6.571
2009-09-01 0.894 6.483
2009-08-03 0.882 6.710
2009-07-02 0.882 6.936
2009-06-01 0.882 7.075
2009-05-01 0.882 7.066
2009-04-01 0.816 6.977
2009-03-23 0.816 7.255

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 Municipal Credit 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 Municipal Credit 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 Municipal Credit Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Nuveen Municipal Credit Income Fund has a total score of 2/6, see the detailed checks below.


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

NZF Management

 What is the CEO of Nuveen Municipal Credit 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 Municipal Credit Income Fund has no CEO, or we have no data on them.
Management Team

Stephen Foy

TITLE
Chief Financial Officer
AGE
64

Giff Zimmerman

TITLE
Co-General Counsel
AGE
62

Walter Kelly

TITLE
Chief Compliance Officer and Vice President
AGE
48
TENURE
16.2 yrs

Alan Berkshire

TITLE
SVP - Nuveen Asset Mgmt
AGE
57

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

Stuart Cohen

TITLE
VP, Asst. Secretary & Asst. General Counsel of Nuveen Asset Mgmt

Cedric Antosiewicz

TITLE
Vice President
AGE
56
Board of Directors Tenure

Average tenure and age of the Nuveen Municipal Credit Income Fund board of directors in years:

13.1
Average Tenure
71
Average Age
  • The average tenure for the Nuveen Municipal Credit Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bill Schneider

TITLE
Chairman
COMPENSATION
$3K
AGE
74
TENURE
5.7 yrs

Judith Stockdale

TITLE
COMPENSATION
$2K
AGE
71
TENURE
22.2 yrs

Jack Evans

TITLE
COMPENSATION
$2K
AGE
70
TENURE
20.2 yrs

Robert Bremner

TITLE
COMPENSATION
$3K
AGE
78
TENURE
23.2 yrs

William Hunter

TITLE
COMPENSATION
$2K
AGE
70
TENURE
15.2 yrs

David Kundert

TITLE
COMPENSATION
$2K
AGE
76
TENURE
14.1 yrs

Carole Stone

TITLE
COMPENSATION
$2K
AGE
71
TENURE
12.2 yrs

Bill Adams

TITLE
AGE
62
TENURE
6.2 yrs

Terry Toth

TITLE
COMPENSATION
$2K
AGE
59
TENURE
10.8 yrs

Virginia Stringer

TITLE
COMPENSATION
$2K
AGE
74
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Dec 18 Sell Paul Brennan Individual 17. Dec 18 17. Dec 18 -4,900 $12.44 $-60,956
X
Management checks
We assess Nuveen Municipal Credit 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 Municipal Credit 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.

NZF News

Simply Wall St News

NZF Company Info

Description

Nuveen Municipal Credit 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. It seeks to invest in investment grade securities rated Baa/BBB or better with an average maturity of around 18 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor’s (S&P) National Municipal Bond Index. It was formerly known as Nuveen Enhanced Municipal Credit Opportunities Fund. Nuveen Municipal Credit Income Fund was formed on March 21, 2001 and is domiciled in the United States.

Details
Name: Nuveen Municipal Credit Income Fund
NZF
Exchange: NYSE
Founded: 2001
$2,120,518,502
142,125,905
Website: http://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NZF&refsrc=vu_nuveen.com/nzf
Address: Nuveen Municipal Credit Income Fund
333 West Wacker Drive,
Chicago,
Illinois, 60606,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NZF Common Shares New York Stock Exchange US USD 26. Sep 2001
Number of employees
Current staff
Staff numbers
0
Nuveen Municipal Credit 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 estimates confirmation: 2017/01/09
Last earnings filing: 2019/01/07
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


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.

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