NYSE · Asset Management · USD

Nuveen Arizona Quality Municipal Income Fund (NAZ) Stock Analysis

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

Last Updated: October 21, 2026

NAZ

$10.35

−$0.04 (−0.38%)

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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NAZ Key Statistics

As of Oct 21, 2026

Trading

Open: $10.46
Previous Close: $10.39
Day's Range: 10.35–10.47
52-Week Range: 10.18–13.42
Volume: 57.53K
Beta: 0.60

Valuation

P/E Ratio: 18.48
EPS (ttm): 0.56

Financials (FY)

Revenue (FY): −$7.13M−181.96%
Net Income (FY): −$7.32M−185.73%
Profit margin: 74.65%
1-Year Return: −9.56%

Dividend and dates

Dividend: $0.74+7.16%
Ex-Dividend Date: September 15, 2026
Avg Volume: 35.44K

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

Key facts

As of October 21, 2026, NAZ closed at $10.35, −9.56% over 1 year.

In fiscal 2025, NAZ reported revenue of −$7.13M.

NAZ Stock Return by Calendar Year

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

1 year: $10,000 $9,044; −9.56%
5 years: $10,000 $8,557; −14.43%
10 years: $10,000 $10,590; +5.90%

If you had invested $10,000 in Nuveen Arizona Quality Municipal Income Fund (NAZ) 10 years ago, at the close on October 21, 2016, it would have been worth $10,590 at the close on October 21, 2026: +5.90% in total, +0.57% 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.

+22.67%−27.23%−9.66%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−9.66%
2025	+12.09%
2024	+13.03%
2023	−0.45%
2022	−27.23%
2021	+4.75%
2020	+22.67%
2019	+18.19%
2018	−12.51%
2017	+5.82%
2016 (partial year)	−15.32%

As of October 21, 2026.

NAZ Revenue and Earnings by Fiscal Year

FY ends August

RevenueNet income

2021202220232025

Fiscal year	Revenue	Net income	Net margin
2025	−$7.13M	−$7.32M	102.7%
2023	$8.70M	$8.54M	98.2%
2022	−$18.81M	−$18.98M	100.9%
2021	$479.24K	$314.46K	65.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$7.13M	—	—	−$7.32M	102.7%
2023	$8.70M	—	—	$8.54M	98.2%
2022	−$18.81M	—	—	−$18.98M	100.9%
2021	$479.24K	—	—	$314.46K	65.6%

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

NAZ Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.85+19.4% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.58	9	—
2025	$0.85	12	+19.4%
2024	$0.71	12	+81.1%
2023	$0.39	12	−30.1%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.58	9	—
2025	$0.85	12	+19.4%
2024	$0.71	12	+81.1%
2023	$0.39	12	−30.1%
2022	$0.56	12	−6.5%
2021	$0.60	12	+6.8%
2020	$0.56	12	+8.5%
2019	$0.52	12	−3.7%
2018	$0.54	12	−18.4%
2017	$0.66	13	+444.6%
2016	$0.12	3	—

Most recent payment: $0.06 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.

NAZ Valuation vs Asset Management Median

Median of 512 stocks

Metric	NAZ	Asset Management median	vs median
P/E	18.48	9.44	96% above
Profit margin	74.65%	74.97%	0.3 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

Nuveen Arizona Quality Municipal Income Fund trades under the ticker NAZ. It is classified in the Asset Management industry, within the Financial Services sector.

NAZ last closed at $10.35 on October 21, 2026. That is −$0.04 (−0.38%) against the previous close. Over the past 52 weeks the price has ranged from $10.18 to $13.42. The latest close sits 1.67% above that 52-week low.

Financial Health

In fiscal 2025, Nuveen Arizona Quality Municipal Income Fund reported revenue of −$7.13M. Against the prior fiscal year total of $8.70M, that is a change of −181.96%. The same year closed with a net loss of $7.32M. Profit margin runs at 74.65%. That is 0.3 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are 0.56.

Across the 4 fiscal years on file, revenue moves from $479.24K in 2021 to −$7.13M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 18.48 times earnings. That is 95.76% above the Asset Management median of 9.44. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −9.56%. Across 10 years the annualized return works out at +0.57%. The reported beta is 0.6. Annualized volatility over the trailing 10 years is 15%.

Growth & Income

NAZ pays a dividend yielding 7.16%. That is 1.8 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.74 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.58 a share. The year before, 2025, totalled $0.85 a share.

The strongest complete calendar year on file is 2020 at +22.67%; the weakest is 2022 at −27.23%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is −9.66%.

Peer Comparison

Nuveen Arizona Quality Municipal Income Fund (NAZ) 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 Arizona Quality Municipal Income Fund	NAZ	—	18.5
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 Arizona Quality Municipal Income Fund trades at a P/E of 18.5.

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 Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years. 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 (S&P) Arizona Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen Arizona Premium Income Municipal Fund. Nuveen Arizona Quality Municipal Income Fund was formed on November 19, 1992 and is domiciled in the United States.

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