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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.

NKX

$11.98

−$0.01 (−0.08%)

Sep 4, 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 Sep 4, 2026
Trading
Open
$11.98
Previous Close
$11.99
Day's Range
11.91–11.98
52-Week Range
11.68–13.20
Volume
115.10K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.62
Valuation
Market Cap
$640.26M
P/E Ratio
27.86
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
13.63
EPS (ttm)Profit attributable to each share over the last twelve months.
0.43
Financials (FY)
Revenue (FY)
−$34.22M−178.73%
Net Income (FY)
−$37.42M−192.58%
Profit marginThe share of revenue left as profit after all costs and taxes.
48.72%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
53.44M
1-Year Return
+7.75%
Dividend and dates
Dividend
$0.86+7.21%
Ex-Dividend Date
August 14, 2026
Avg Volume
136.89K

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

NKX Stock Return by Calendar Year

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

YearReturn
2026 (partial year)+0.37%
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 September 4, 2026.

NKX Revenue and Earnings by Fiscal Year

FY ends August
Fiscal yearRevenueNet incomeNet margin
2025−$34.22M−$37.42M109.4%
2023$43.46M$40.42M93.0%
2022−$93.65M−$96.97M103.5%
2021−$4.29M−$8.37M195.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025−$34.22M——−$37.42M109.4%
2023$43.46M——$40.42M93.0%
2022−$93.65M——−$96.97M103.5%
2021−$4.29M——−$8.37M195.3%

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

NKX Dividend History

$0.91+17.4% vs 2024

Dividends per share, 2025 · 12 payments

YearDividends per sharePaymentsChange
2026*$0.608—
2025$0.9112+17.4%
2024$0.7812+51.8%
2023$0.5112−19.9%
YearDividends per sharePaymentsChange
2026 (partial year)$0.608—
2025$0.9112+17.4%
2024$0.7812+51.8%
2023$0.5112−19.9%
2022$0.6412−4.9%
2021$0.6712+4.2%
2020$0.6512+3.4%
2019$0.6212−6.6%
2018$0.6712−14.6%
2017$0.7813+153.9%
2016$0.315—

Most recent payment: $0.07 per share, ex-dividend August 14, 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 561 stocks
MetricNKXAsset Management medianvs median
P/E27.8610.34169% above
P/S ratio13.6310.4231% above
Profit margin48.72%24.09%24.6 pts above

Medians across 561 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Nuveen California AMT-Free Quality Municipal Income Fund (NKX) carries a market capitalisation of $640.26M. The company sits in the Financial Services sector, in the Asset Management industry.

The 52-week range on file runs from $11.68 to $13.20. NKX last closed at $11.98 on September 4, 2026. That is −$0.01 (−0.08%) against the previous close. The latest close sits 2.57% 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 24.6 percentage points above the Asset Management median of 24.09%. 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 27.86 times earnings. That is 169.44% above the Asset Management median of 10.34. Measured against sales, the shares trade at 13.63 times revenue. On price-to-sales that is 30.82% above the Asset Management median of 10.42. The medians here are taken across 561 Asset Management companies that report the metric.

Over the trailing twelve months the price has returned +7.75%. Measured over 10 years, that is +1.66% a year compounded. The reported beta is 0.62. Daily returns over the trailing 10 years annualize to a volatility of 12.83%.

Growth & Income

Shareholders receive a dividend, yielding 7.21% on the latest price. That is 0.9 percentage points below the Asset Management median yield of 8.11%. The indicated annual rate is $0.86 a share. The ex-dividend date on file is August 14, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling $0.60 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 price is +0.37%.

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 $640.26M 27.9
BlackRock, Inc. BLK $182.35B 26.9
Blackstone Inc. BX $162.74B 30.5
KKR & Co. Inc. KKR $99.50B 34.4

The Asset Management industry average P/E ratio is 10.3x. Nuveen California AMT-Free Quality Municipal Income Fund trades at a P/E of 27.9.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 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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