NYSE · Asset Management · USD

Nuveen California Quality Municipal Income Fund (NAC) Stock Analysis

Nuveen California Quality Municipal Income Fund (NAC) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NAC

$9.98

−$0.04 (−0.40%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NAC Key Statistics

As of Oct 21, 2026

Trading

Open: $10.05
Previous Close: $10.02
Day's Range: 9.98–10.07
52-Week Range: 9.80–12.25
Volume: 1.32M
Beta: 0.58

Valuation

P/E Ratio: unprofitable
EPS (ttm): −0.18

Financials (FY)

Revenue (FY): −$112.84M−196.73%
Net Income (FY): −$118.24M−206.15%
Profit margin: 56.43%
1-Year Return: −10.25%

Dividend and dates

Dividend: $0.83+8.32%
Ex-Dividend Date: September 15, 2026
Avg Volume: 955.65K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NAC closed at $9.98, −10.25% over 1 year.

In fiscal 2025, NAC reported revenue of −$112.84M.

NAC Stock Return by Calendar Year

Nuveen California Quality Municipal Income Fund (NAC) 10-year return: what $10,000 became

1 year: $10,000 $8,975; −10.25%
5 years: $10,000 $8,795; −12.05%
10 years: $10,000 $10,917; +9.17%

If you had invested $10,000 in Nuveen California Quality Municipal Income Fund (NAC) 10 years ago, at the close on October 21, 2016, it would have been worth $10,917 at the close on October 21, 2026: +9.17% in total, +0.88% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+22.30%−25.62%−11.80%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−11.80%
2025	+13.15%
2024	+8.72%
2023	+4.48%
2022	−25.62%
2021	+7.67%
2020	+6.30%
2019	+22.30%
2018	−6.18%
2017	+6.83%
2016 (partial year)	−14.41%

As of October 21, 2026.

NAC Revenue and Earnings by Fiscal Year

FY ends August

RevenueNet income

2021202220232025

Fiscal year	Revenue	Net income	Net margin
2025	−$112.84M	−$118.24M	104.8%
2023	$116.65M	$111.39M	95.5%
2022	−$281.25M	−$286.97M	102.0%
2021	−$20.92M	−$26.98M	129.0%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$112.84M	—	—	−$118.24M	104.8%
2023	$116.65M	—	—	$111.39M	95.5%
2022	−$281.25M	—	—	−$286.97M	102.0%
2021	−$20.92M	—	—	−$26.98M	129.0%

Annual figures as reported, in the company's reporting currency. As of August 31, 2025.

NAC Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.89+17.9% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.65	9	—
2025	$0.89	12	+17.9%
2024	$0.75	12	+68.1%
2023	$0.45	12	−26.8%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.65	9	—
2025	$0.89	12	+17.9%
2024	$0.75	12	+68.1%
2023	$0.45	12	−26.8%
2022	$0.61	12	−7.3%
2021	$0.66	12	+4.3%
2020	$0.63	12	−3.5%
2019	$0.66	12	−4.5%
2018	$0.69	12	−13.8%
2017	$0.80	13	+449.7%
2016	$0.15	4	—

Most recent payment: $0.07 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NAC Valuation vs Asset Management Median

Median of 512 stocks

Metric	NAC	Asset Management median	vs median
Profit margin	56.43%	74.97%	18.5 pts below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The record here covers Nuveen California Quality Municipal Income Fund, ticker NAC. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $9.80 to $12.25. The most recent close on file for NAC is $9.98, dated October 21, 2026. That is −$0.04 (−0.40%) against the previous close. The latest close sits 1.84% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to −$112.84M. That is −196.73% against the prior fiscal year, when revenue was $116.65M. The same year closed with a net loss of $118.24M. Profit margin runs at 56.43%. That is 18.5 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are −0.18.

Across the 4 fiscal years on file, revenue moves from −$20.92M in 2021 to −$112.84M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative.

The trailing one-year total return is −10.25%. Across 10 years the annualized return works out at +0.88%. The reported beta is 0.58. Annualized volatility over the trailing 10 years is 12.38%.

Growth & Income

Shareholders receive a dividend, yielding 8.32% on the latest price. That is 0.6 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.83 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.65 a share. The year before, 2025, totalled $0.89 a share.

The strongest complete calendar year on file is 2019 at +22.30%; the weakest is 2022 at −25.62%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is −11.80% year to date.

Peer Comparison

Nuveen California Quality Municipal Income Fund (NAC) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Nuveen California Quality Municipal Income Fund	NAC	—	—
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Nuveen California Quality Municipal Income Fund has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Nuveen California Quality Municipal Income Fund

Nuveen California 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 California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.

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