NYSE · Asset Management · USD

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Stock Analysis

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

Last Updated: October 21, 2026

NKX

$10.75

−$0.07 (−0.65%)

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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NKX Key Statistics

As of Oct 21, 2026

Trading

Open: $10.85
Previous Close: $10.82
Day's Range: 10.66–10.82
52-Week Range: 10.30–13.20
Volume: 306.21K
Beta: 0.65

Valuation

Market Cap: $605.57M
P/E Ratio: 25.00
P/S ratio: 12.89
EPS (ttm): 0.43

Financials (FY)

Revenue (FY): −$34.22M−178.73%
Net Income (FY): −$37.42M−192.58%
Profit margin: 48.72%
Shares Outstanding: 56.33M
1-Year Return: −10.23%

Dividend and dates

Dividend: $0.86+7.99%
Ex-Dividend Date: September 15, 2026
Avg Volume: 255.58K

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

Key facts

As of October 21, 2026, NKX closed at $10.75, −10.23% over 1 year.

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) has a market capitalization of $605.57M.

In fiscal 2025, NKX reported revenue of −$34.22M.

NKX Stock Return by Calendar Year

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

1 year: $10,000 $8,977; −10.23%
5 years: $10,000 $8,914; −10.86%
10 years: $10,000 $11,471; +14.71%

If you had invested $10,000 in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) 10 years ago, at the close on October 21, 2016, it would have been worth $11,471 at the close on October 21, 2026: +14.71% in total, +1.38% 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.

+25.25%−18.43%−9.93%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−9.93%
2025	+5.99%
2024	+16.49%
2023	−1.86%
2022	−18.43%
2021	+4.74%
2020	+8.12%
2019	+25.25%
2018	−13.33%
2017	+13.06%
2016 (partial year)	−14.55%

As of October 21, 2026.

NKX Revenue and Earnings by Fiscal Year

FY ends August

RevenueNet income

2021202220232025

Fiscal year	Revenue	Net income	Net margin
2025	−$34.22M	−$37.42M	109.4%
2023	$43.46M	$40.42M	93.0%
2022	−$93.65M	−$96.97M	103.5%
2021	−$4.29M	−$8.37M	195.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$34.22M	—	—	−$37.42M	109.4%
2023	$43.46M	—	—	$40.42M	93.0%
2022	−$93.65M	—	—	−$96.97M	103.5%
2021	−$4.29M	—	—	−$8.37M	195.3%

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

NKX Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.91+17.4% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.67	9	—
2025	$0.91	12	+17.4%
2024	$0.78	12	+51.8%
2023	$0.51	12	−19.9%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.67	9	—
2025	$0.91	12	+17.4%
2024	$0.78	12	+51.8%
2023	$0.51	12	−19.9%
2022	$0.64	12	−4.9%
2021	$0.67	12	+4.2%
2020	$0.65	12	+3.4%
2019	$0.62	12	−6.6%
2018	$0.67	12	−14.6%
2017	$0.78	13	+349.4%
2016	$0.17	3	—

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.

NKX Valuation vs Asset Management Median

Median of 512 stocks

Metric	NKX	Asset Management median	vs median
P/E	25.00	9.44	165% above
P/S ratio	12.89	8.59	50% above
Profit margin	48.72%	74.97%	26.2 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 California AMT-Free Quality Municipal Income Fund (NKX) carries a market capitalisation of $605.57M. The company sits in the Financial Services sector, in the Asset Management industry.

The 52-week range on file runs from $10.30 to $13.20. NKX last closed at $10.75 on October 21, 2026. That is −$0.07 (−0.65%) against the previous close. The latest close sits 4.37% above that 52-week low.

Financial Health

In fiscal 2025, Nuveen California AMT-Free Quality Municipal Income Fund reported revenue of −$34.22M. That is −178.73% against the prior fiscal year, when revenue was $43.46M. The same year closed with a net loss of $37.42M. Profit margin runs at 48.72%. That is 26.2 percentage points below the Asset Management median of 74.97%. Trailing earnings per share are 0.43.

Across the 4 fiscal years on file, revenue moves from −$4.29M in 2021 to −$34.22M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 25 times earnings. That is 164.83% above the Asset Management median of 9.44. Measured against sales, the shares trade at 12.89 times revenue. On price-to-sales that is 50.07% above the Asset Management median of 8.59. The medians here are taken across 512 Asset Management companies that report the metric.

Over the trailing twelve months the total return is −10.23%. Measured over 10 years, that is +1.38% a year compounded. The reported beta is 0.65. Daily returns over the trailing 10 years annualize to a volatility of 12.89%.

Growth & Income

Shareholders receive a dividend, yielding 7.99% on the latest price. That is 0.9 percentage points below the Asset Management median yield of 8.91%. The indicated annual rate is $0.86 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 9 payments totalling $0.67 a share. The year before, 2025, totalled $0.91 a share.

Across the complete calendar years on file, 2019 returned +25.25% and 2022 returned −18.43%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is −9.93%.

Peer Comparison

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) 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 AMT-Free Quality Municipal Income Fund	NKX	$605.57M	25.0
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 AMT-Free Quality Municipal Income Fund trades at a P/E of 25.0.

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 AMT-Free Quality Municipal Income Fund

Nuveen California AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of California, United States. The fund primarily invests in undervalued municipal securities and other related investments the income which are exempt from regular federal and California income taxes and are rated Baa, BBB or higher with an average maturity of 20.17 years. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and the S&P National Municipal Bond Index. It was formerly known as Nuveen California AMT-Free Municipal Income Fund. Nuveen California AMT-Free Quality Municipal Income Fund was formed on November 21, 2002 and is domiciled in the United States.

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