NYSE · Asset Management - Income

Nuveen California Quality Municipal Income Fund (NAC) Stock

$11.84 +0.68% NYSE: NAC Financial Services

The Nuveen California Quality Municipal Income Fund, identified by the symbol NAC, functions as a closed-end mutual fund primarily focused on fixed-income investments. This U.S.-domiciled fund was established on December 1, 1998, under the sponsorship of Nuveen Investments, Inc.

Valuation

MetricValue
Price$11.84
Market Cap$1.85B
P/E Ratio-14.62
P/B Ratio1.07
P/S Ratio14.93
EPS (TTM)$-0.81
52-Week High$12.25
52-Week Low$11.07
Dividend Yield7.01%

Financials & Margins

MetricValue
ROE-7.34%
ROA-4.16%
ROCE-2.48%
Gross Margin86.22%
Operating Margin-56.74%
Net Margin-95.59%
Debt/Equity0.75
Current Ratio1.92

Annual Financials (USD)

Metric20212022202320242025
Revenue$128.0M$19.0M$117.0M$130.0M$124.0M
Operating Profit$-14.0M$-254.0M$111.0M$142.0M$-70.0M
Net Profit$-27.0M$-287.0M$111.0M$86.0M$-118.0M
EPS$-0.19$-1.98$0.77$0.60$-0.81
Op Margin-11.1%-1372.5%95.5%108.8%-56.7%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$3.5B$3.0B$3.1B$3.1B$2.8B
Total Liabilities$1.3B$1.2B$1.2B$1.2B$1.2B
Cash$0$0$0$0$0
Borrowings$1.3B$1.2B$1.2B$1.2B$1.2B

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$108.0M$142.0M$65.0M$18.0M
Investing Cash Flow$-9.0M$35.0M$22.0M$13.0M
Financing Cash Flow$-4.0M$0$0$0
Net Cash Flow$0$35.0M$20.0M$0
Free Cash Flow$108.0M$142.0M$65.0M$18.0M$0

Valuation & Return Ratios

MetricValue
PEG Ratio0.06
EV / EBITDA-43.59
FCF Yield2.13%
Quick Ratio1.92
Interest Coverage-1.46
Return 1Y13.29%
Return 3Y36.49%
Return 5Y

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
AEDMXAmerican Century Emerging Markets Fund $19.15 -0.52% 18.77 $2.07B 1.15%
BMCIXBlackRock High Equity Income Fund $32.95 -0.09% 22.80 $2.13B 8.01%
BXMXNuveen S&P 500 Buy-Write Income Fund $13.26 -2.07% 6.60 $1.38B 8.22%
DIFGXMFS Diversified Income Fund $12.88 -0.39% 18.68 $1.79B 4.81%
ETGEaton Vance Tax-Advantaged Global Dividend Income Fund $23.30 -0.15% 3.62 $1.78B 6.65%

About Nuveen California Quality Municipal Income Fund

The Nuveen California Quality Municipal Income Fund, identified by the symbol NAC, functions as a closed-end mutual fund primarily focused on fixed-income investments. This U.S.-domiciled fund was established on December 1, 1998, under the sponsorship of Nuveen Investments, Inc. Its investment activities are jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund's core strategy involves investing in California's fixed-income markets, specifically targeting undervalued municipal securities and related assets that offer a valuable exemption from both regular federal and California state income taxes. A key aspect of its portfolio construction involves favoring debt instruments rated at least Baa by Moody's Investors Service, Inc., or BBB by Standard & Poor's. The portfolio typically maintains an average maturity period of approximately 20.96 years. Investment decisions are driven by a thorough bottom-up fundamental analysis approach. For performance evaluation, the fund measures itself against two benchmarks: the Standard & Poor's (S&P) California Municipal Bond Index and the Standard & Poor's (S&P) National Municipal Bond Index. Prior to its current name, the fund was recognized as the Nuveen California Dividend Advantage Municipal Fund.

Nuveen California Quality Municipal Income Fund is headquartered in US.

Nuveen California Quality Municipal Income Fund (NAC) stock trades at $11.84 with a market capitalization of $1.85B. The stock is valued at a price-to-earnings (P/E) ratio of -14.62, price-to-book of 1.07, price-to-sales of 14.93. Over the past 52 weeks the stock has ranged between $11.07 and $12.25, and currently trades 3.3% below its 52-week high. It pays a dividend yielding 7.01%.

On profitability, Nuveen California Quality Municipal Income Fund generates a return on equity (ROE) of -7.34%, return on capital employed of -2.48%, an operating margin of -56.74%, a net profit margin of -95.59%.

Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NAC&refsrc=vu_nuveen.com/nac

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