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

Financial Services | Asset Management | Chicago, United States | NYSE
12.05 USD -0.03 (-0.248%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 12.05
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 3:52 a.m. EDT

The short-term outlook remains neutral as the fund trades near its 52-week lows, offering no immediate catalyst for a bounce despite a modest recent uptick. The long-term investment case is severely compromised by a brutal multi-year decline; the asset has lost over 31% of its value since 2016, with the most recent annual return showing a double-digit drop. This persistent downward trajectory suggests the market has permanently repriced the business quality, making it a poor buy-and-hold candidate regardless of current valuations. However, the dividend profile stands out as a relative strength; the fund has successfully increased its quarterly payout significantly in recent years, moving from roughly $0.042 in 2023 to $0.076 in 2025, resulting in a robust yield that exceeds typical inflation targets. While the yield is attractive, it cannot offset the structural damage evident in the price history.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.013053
AutoARIMA0.013621
AutoETS0.014298
MSTL0.016835

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 62%
H-stat 5.81
Ljung-Box p 0.000
Jarque-Bera p 0.122
Excess Kurtosis -0.75
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-13
Last Dividend Date 2026-08-13
Debt to Equity Ratio 65.04
Revenue per Share 0.879
Market Cap 643,997,824
Trailing P/E 28.02
Beta 0.62
Profit Margins 48.72%
Website https://www.nuveen.com/CEF/Product/Overview.aspx?fundcode=NKX

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.58% 7.16% 6.64% 5.82%
Dividend History
Date Dividend Yield %
2026-08-14 0.072 0.578778
2026-07-15 0.072 0.571429
2026-06-15 0.072 0.580645
2026-05-15 0.076 0.610932
2026-04-15 0.076 0.625514
2026-03-13 0.076 0.598897
2026-02-13 0.076 0.586420
2026-01-15 0.076 0.583269
2025-12-15 0.076 0.611424
2025-11-14 0.076 0.589147
2025-10-15 0.076 0.603175
2025-09-15 0.076 0.615883
2025-08-15 0.076 0.632280
2025-07-15 0.076 0.647911
2025-06-13 0.076 0.658579
2025-05-15 0.076 0.625514
2025-04-15 0.076 0.644068
2025-03-14 0.076 0.598425
2025-02-14 0.076 0.596546
2025-01-15 0.076 0.590980
2024-12-13 0.076 0.589147
2024-11-15 0.076 0.585516
2024-10-15 0.076 0.556777
2024-09-13 0.076 0.552326
2024-08-15 0.076 0.571859
2024-07-15 0.076 0.581484
2024-06-14 0.076 0.625514
2024-05-14 0.051 0.431837
2024-04-12 0.051 0.430380
2024-03-14 0.051 0.436270
2024-02-14 0.046 0.402802
2024-01-11 0.046 0.400348
2023-12-14 0.046 0.400000
2023-11-14 0.046 0.412186
2023-10-12 0.042 0.414610
2023-09-14 0.042 0.390698
2023-08-14 0.042 0.372671
2023-07-13 0.042 0.364267
2023-06-14 0.042 0.377358
2023-05-12 0.042 0.361446
2023-04-13 0.042 0.358056
2023-03-14 0.042 0.362381
2023-02-14 0.042 0.342857
2023-01-12 0.042 0.336808
2022-12-14 0.047 0.387469
2022-11-14 0.047 0.415194
2022-10-13 0.047 0.403780
2022-09-14 0.052 0.403101
2022-08-12 0.052 0.366455
2022-07-14 0.052 0.386043
2022-06-14 0.057 0.456731
2022-05-12 0.057 0.446359
2022-04-13 0.057 0.438125
2022-03-14 0.057 0.418195
2022-02-14 0.057 0.405983
2022-01-13 0.057 0.368217
2021-12-14 0.057 0.353817
2021-11-12 0.057 0.342754
2021-10-14 0.057 0.352287
2021-09-14 0.057 0.342548
2021-08-12 0.057 0.348198
2021-07-14 0.057 0.343995
2021-06-14 0.055 0.342893
2021-05-13 0.055 0.350765
2021-04-14 0.055 0.352338
2021-03-12 0.055 0.362080
2021-02-11 0.055 0.348322
2021-01-14 0.055 0.357143
2020-12-14 0.055 0.354610
2020-11-12 0.055 0.359477
2020-10-14 0.055 0.361604
2020-09-14 0.055 0.357840
2020-08-13 0.055 0.350765
2020-07-14 0.055 0.364721
2020-06-12 0.055 0.368880
2020-05-14 0.052 0.366972
2020-04-14 0.052 0.360610
2020-03-12 0.052 0.378182
2020-02-13 0.052 0.329740
2020-01-14 0.052 0.336352
2019-12-12 0.052 0.345286
2019-11-14 0.052 0.343008
2019-10-11 0.052 0.343915
2019-09-12 0.052 0.348993
2019-08-14 0.052 0.335484
2019-07-12 0.052 0.350641
2019-06-13 0.052 0.362117
2019-05-14 0.052 0.367232
2019-04-12 0.052 0.370899
2019-03-14 0.052 0.380952
2019-02-14 0.052 0.388930
2019-01-14 0.052 0.396341
2018-12-13 0.052 0.404669
2018-11-14 0.052 0.405300
2018-10-12 0.052 0.418680
2018-09-13 0.052 0.390684
2018-08-14 0.056 0.413895
2018-07-12 0.056 0.414201
2018-06-14 0.056 0.414815
2018-05-14 0.056 0.414508
2018-04-12 0.056 0.414508
2018-03-14 0.056 0.407866
2018-02-14 0.062 0.436927
2018-01-11 0.062 0.406824
2017-12-14 0.062 0.398202
2017-11-22 0.006 0.038961
2017-11-14 0.062 0.396419
2017-10-12 0.062 0.393401
2017-09-14 0.062 0.390428
2017-08-11 0.066 0.417722
2017-07-12 0.066 0.421187
2017-06-13 0.066 0.424437
2017-05-11 0.066 0.440294
2017-04-11 0.066 0.447458
2017-03-13 0.066 0.463809
2017-02-13 0.066 0.445344
2017-01-11 0.066 0.454233
2016-12-13 0.066 0.464462
2016-11-17 0.041 0.291607
2016-11-10 0.067 0.448761
2016-10-12 0.067 0.431145
2016-09-13 0.067 0.398810
2016-08-11 0.072 0.424028
2016-07-13 0.072 0.428571
2016-06-13 0.072 0.439024
2016-05-11 0.072 0.437158
2016-04-13 0.072 0.448878
2016-03-11 0.072 0.454259
2016-02-10 0.072 0.455985
2016-01-13 0.072 0.469361
2015-12-11 0.072 0.483221
2015-11-18 0.005 0.033761
2015-11-10 0.072 0.490798
2015-10-13 0.072 0.483221
2015-09-11 0.072 0.497925
2015-08-12 0.072 0.496210
2015-07-13 0.072 0.501393
2015-06-11 0.072 0.513552
2015-05-13 0.072 0.493489
2015-04-13 0.072 0.485175
2015-03-11 0.072 0.493489
2015-02-11 0.072 0.489130
2015-01-13 0.072 0.481605
2014-12-11 0.072 0.503849
2014-11-12 0.070 0.495049
2014-10-10 0.070 0.503597
2014-09-11 0.070 0.502874
2014-08-13 0.070 0.509833
2014-06-04 0.140 1.036269
2014-05-13 0.070 0.509461
2014-04-11 0.070 0.529902
2014-03-12 0.070 0.535578
2014-02-12 0.070 0.545596
2014-01-13 0.070 0.559552
2013-12-11 0.070 0.595745
2013-11-18 0.016 0.129345
2013-11-13 0.070 0.568182
2013-10-10 0.070 0.586265
2013-09-11 0.070 0.591716
2013-08-13 0.070 0.578035
2013-07-11 0.070 0.543901
2013-06-12 0.070 0.525920
2013-05-13 0.070 0.488486
2013-04-11 0.070 0.482759
2013-03-13 0.070 0.486787
2013-02-13 0.070 0.461437
2013-01-11 0.070 0.455433
2012-12-12 0.070 0.452781
2012-11-13 0.078 0.488416
2012-10-11 0.078 0.502254
2012-09-12 0.078 0.509804
2012-08-13 0.078 0.517241
2012-07-11 0.078 0.495553
2012-05-02 0.071 0.473333
2012-04-11 0.071 0.491010
2012-03-13 0.071 0.477151
2012-02-13 0.071 0.469888
2012-01-11 0.071 0.484642
2011-12-13 0.071 0.511527
2011-11-10 0.071 0.525148
2011-10-12 0.071 0.544061
2011-09-13 0.071 0.539514
2011-08-11 0.067 0.524667
2011-07-13 0.067 0.527144
2011-06-13 0.067 0.545159
2011-05-11 0.067 0.554636
2011-04-13 0.067 0.582609
2011-03-11 0.067 0.574614
2011-02-11 0.067 0.572161
2011-01-12 0.067 0.573630
2010-12-13 0.067 0.571185
2010-11-10 0.067 0.515385
2010-10-13 0.067 0.478571
2010-09-13 0.067 0.471499
2010-08-11 0.067 0.467551
2010-07-13 0.067 0.478571
2010-06-11 0.067 0.515385
2010-05-12 0.066 0.506912
2010-04-13 0.066 0.514419
2010-03-11 0.066 0.512422
2010-02-10 0.066 0.513619
2010-01-13 0.066 0.520095
2009-12-11 0.066 0.522565
2009-11-10 0.065 0.501931
2009-10-13 0.065 0.478645
2009-09-11 0.065 0.484352
2009-08-12 0.063 0.510121
2009-07-13 0.063 0.525438
2009-06-11 0.063 0.532095
2009-05-13 0.063 0.521955
2009-04-13 0.059 0.522124
2009-03-11 0.059 0.538321
2009-02-11 0.059 0.518453
2009-01-13 0.059 0.496633
2008-12-11 0.111 1.268571
2008-11-12 0.059 0.542778
2008-10-10 0.059 0.724816
2008-09-11 0.059 0.433505
2008-08-13 0.059 0.438336
2008-07-11 0.059 0.431287
2008-06-11 0.059 0.422939
2008-05-13 0.059 0.415201
2008-04-11 0.059 0.410292
2008-03-12 0.059 0.427227
2008-02-13 0.059 0.408870
2008-01-11 0.059 0.394385
2007-12-12 0.059 0.410578
2007-11-13 0.059 0.435424
2007-10-11 0.059 0.413745
2007-09-12 0.059 0.394649
2007-08-13 0.059 0.409154
2007-07-11 0.059 0.404942
2007-06-13 0.059 0.408022
2007-05-11 0.059 0.384615
2007-04-11 0.059 0.386885
2007-03-13 0.059 0.388158
2007-02-13 0.059 0.392287
2007-01-10 0.059 0.386632
2006-12-13 0.059 0.397039
2006-11-13 0.059 0.402730
2006-10-11 0.059 0.406616
2006-09-13 0.059 0.410292
2006-08-11 0.059 0.405777
2006-07-12 0.059 0.430657
2006-06-13 0.059 0.421429
2006-05-11 0.063 0.446808
2006-04-11 0.063 0.433884
2006-03-13 0.063 0.443350
2006-02-13 0.063 0.437804
2006-01-11 0.063 0.440559
2005-12-13 0.063 0.468401
2005-11-10 0.063 0.462216
2005-10-12 0.063 0.440252
2005-09-13 0.063 0.428571
2005-08-11 0.066 0.464462
2005-07-13 0.066 0.463158
2005-06-13 0.066 0.458971
2005-05-11 0.070 0.496102
2005-04-13 0.070 0.503597
2005-03-11 0.070 0.476190
2005-02-11 0.073 0.500686
2005-01-12 0.073 0.506944
2004-12-13 0.073 0.521056
2004-11-10 0.076 0.541311
2004-10-13 0.076 0.524500
2004-09-13 0.076 0.525952
2004-08-11 0.076 0.551124
2004-07-13 0.076 0.566319
2004-06-14 0.076 0.581484
2004-05-12 0.076 0.581040
2004-04-13 0.076 0.554745
2004-03-11 0.076 0.508021
2004-02-11 0.076 0.517007
2004-01-13 0.076 0.517359
2003-12-11 0.076 0.537863
2003-11-12 0.076 0.527778
2003-10-10 0.076 0.519126
2003-09-11 0.076 0.542470
2003-08-13 0.076 0.539773
2003-07-11 0.076 0.496732
2003-06-11 0.076 0.490006
2003-05-13 0.076 0.513167
2003-04-11 0.076 0.517007
2003-03-12 0.076 0.515254
2003-02-12 0.076 0.525952
Additional Data
dividendRate 0.86
dividendYield 7.17
exDividendDate 2026-08-14
trailingAnnualDividendRate 0.912
trailingAnnualDividendYield 0.07549669
lastDividendValue 0.072
lastDividendDate 2026-08-14
dividendDate 2019-02-01

Info Dump

Attribute Value
52 Week Change 0.021186471
Address1 333 West Wacker Drive
All Time High 17.35
All Time Low 7.05
Ask 12.65
Ask Size 400
Average Daily Volume10 Day 155,050
Average Daily Volume3 Month 136,044
Average Volume 136,044
Average Volume10Days 155,050
Beta 0.619
Bid 12.04
Bid Size 7,400
Book Value 12.352
City Chicago
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.05
Current Ratio 0.681
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 12.1081
Day Low 12.05
Debt To Equity 65.04
Dividend Date 1,548,979,200
Dividend Rate 0.86
Dividend Yield 7.17
Earnings Growth 25.392
Earnings Quarterly Growth 28.525
Ebitda Margins 0.0
Enterprise To Revenue 22.576
Enterprise Value 1,060,280,896
Eps Trailing Twelve Months 0.43
Esg Populated 0
Ex Dividend Date 1,786,665,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 12.3488
Fifty Day Average Change -0.2987995
Fifty Day Average Change Percent -0.024196645
Fifty Two Week Change Percent 2.118647
Fifty Two Week High 13.2
Fifty Two Week High Change -1.1499996
Fifty Two Week High Change Percent -0.08712118
Fifty Two Week Low 11.68
Fifty Two Week Low Change 0.3699999
Fifty Two Week Low Change Percent 0.031678073
Fifty Two Week Range 11.68 - 13.2
Financial Currency USD
First Trade Date Milliseconds 1,042,727,400,000
Five Year Avg Dividend Yield 5.51
Full Exchange Name NYSE
Fullday Change -0.0299997
Fullday Change Percent -0.248342
Fullday Price 12.05
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 46,964,464
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.19068001
Implied Shares Outstanding 53,443,804
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,786,665,600
Last Dividend Value 0.072
Last Fiscal Year End 1,756,598,400
Long Business Summary 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.
Long Name Nuveen California AMT-Free Quality Municipal Income Fund
Market us_market
Market Cap 643,997,824
Market State CLOSED
Max Age 86,400
Message Board Id finmb_3610224
Most Recent Quarter 1,772,236,800
Net Income To Common 22,882,260
Next Fiscal Year End 1,788,134,400
Non Diluted Market Cap 645,601,152
Open 12.11
Operating Cashflow -10,750,551
Operating Margins 0.80556
Payout Ratio 2.1209
Phone 312 917 7700
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 12.05
Post Market Time 1,787,951,100
Previous Close 12.08
Price Hint 2
Price To Book 0.97555053
Price To Sales Trailing12 Months 13.712449
Profit Margins 0.48722
Quick Ratio 0.681
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0299997
Regular Market Change Percent -0.248342
Regular Market Day High 12.1081
Regular Market Day Low 12.05
Regular Market Day Range 12.05 - 12.1081
Regular Market Open 12.11
Regular Market Previous Close 12.08
Regular Market Price 12.05
Regular Market Time 1,787,947,202
Regular Market Volume 161,245
Revenue Growth 0.017
Revenue Per Share 0.879
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 53,443,804
Shares Percent Shares Out 0.0032
Shares Short 168,435
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 151,199
Short Name Nuveen California AMT-Free Qual
Short Percent Of Float 0.0032
Short Ratio 1.16
Source Interval 15
State IL
Symbol NKX
Total Cash 13,073,770
Total Cash Per Share 0.245
Total Debt 429,356,800
Total Revenue 46,964,464
Tradeable 0
Trailing Annual Dividend Rate 0.912
Trailing Annual Dividend Yield 0.07549669
Trailing Eps 0.43
Trailing P E 28.023256
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 12.526
Two Hundred Day Average Change -0.47599983
Two Hundred Day Average Change Percent -0.038000945
Type Disp Equity
Volume 161,245
Website https://www.nuveen.com/CEF/Product/Overview.aspx?fundcode=NKX
Zip 60,606-1220