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

Market Cap$629.04MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2002)+201%
5 Year-3%
1 Year+8%
1 Month-2%
$11.98
-0.08%
-0.01Today
Nuveen California AMT-Free Quality Municipal Income Fund last closing stock price
MetricPriceDate
Last closeUSD 11.982026-09-04
Nuveen California AMT-Free Quality Municipal Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.58%USD 12.052026-08-28
1 month-1.64%USD 12.182026-08-05
3 month-2.88%USD 12.342026-06-05
Year to date+0.96%USD 11.872025-12-31
1 year+8.38%USD 11.052025-09-04
3 year+33.11%USD 9.002023-09-05
5 year-2.73%USD 12.322021-09-03
Since inception+200.61%USD 3.992002-11-22

Nuveen California AMT-Free Quality Municipal Income Fund Financials at a Glance

Market Cap

$629.04MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$64.77M

Net Income (TTM)

-$23.09M

EPS (TTM)

$0.45

P/E Ratio

26.35

Dividend

$0.90

Beta (Volatility)

0.20 (Low)

Price

$11.98

Volume

115,124

Open

$11.98

Previous Close

$11.98

Daily Range

$11.91 - $11.98

52-Week Range

$11.68 - $13.20

Estimated Earnings Date

Dec 11, 2024

NKX News

No articles available.

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About Nuveen California AMT-Free Quality Municipal Income Fund

Nuveen California AMT-Free Quality Municipal Income Fund is a closed-end mutual fund focused on fixed-income securities, particularly municipal bonds in California. Established by Nuveen Investments, Inc., the fund aims to provide tax-exempt income to investors through a carefully constructed portfolio of high-quality bonds.

Products and Services
  • Investment in California municipal bonds exempt from federal and state taxes
  • Focus on bonds with a minimum credit rating of Baa or BBB
  • Bottom-up portfolio construction based on fundamental analysis
Growth Outlook
  • Recent revenue of $20.31 million in Q2 2025 indicates strong income generation
  • Trailing twelve months (TTM) dividend yield of 7.41% reflects attractive income potential
  • Average bond maturity of 20.17 years positions the fund for long-term stability
Financial Highlights
  • Net income of -$39.53 million in Q2 2025 shows challenges in profitability
  • Operating cash flow of $12.34 million in Q2 2025 demonstrates operational efficiency
  • Market capitalization of approximately $649.34 million indicates solid market presence
Nuveen California AMT-Free Quality Municipal Income Fund operates with a strategic focus on acquiring undervalued municipal bonds, which are selected for their tax-exempt income potential. The fund's investment strategy is designed to provide investors with a reliable income stream while maintaining a diversified portfolio. The recent financial performance highlights both challenges and opportunities, with a significant revenue generation in the latest quarter, despite a negative net income. The fund's commitment to high-quality investments and a long-term approach to bond maturity may appeal to investors seeking stability and tax advantages in their portfolios.
AI Generated • Aug 23, 2026

Industry

Capital Markets

Sector

Financials

Website

www.nuveen.com/cef/FundDetail.aspx?FundCode=NKX

Headquarters

Chicago, IL 60606-1220, US

NKX Financials

Key Financial Metrics (TTM)

Gross Margin

85.91%

Operating Margin

-49.95%

Net Income Margin

-87.40%

Return on Equity

-6.22%

Return on Capital

-2.12%

Return on Assets

-3.67%

Earnings Yield

3.80%

Dividend Yield

7.51%

Payout Ratio

-44.83%

Stock Overview

Market Cap

$629.04MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

52.51M

Volume

115.12K

Avg. Volume

136.56K

Financials (TTM)

Gross Profit

$58.74M

Operating Income

$2.29M

EBITDA

$2.33M

Operating Cash Flow

$41.26M

Capital Expenditure

-$4.00

Free Cash Flow

$41.26M

Cash & ST Invst.

$16.00M

Total Debt

$436.52M

Nuveen California AMT-Free Quality Municipal Income Fund Performance Analysis

Nuveen California AMT-Free Quality Municipal Income Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-02-28USD 19,298,260-57.0%
20242024-02-29USD 42,129,606118.3%
20242024-08-31USD 43,923,722118.3%
20252025-08-31USD 42,811,135-2.5%
Nuveen California AMT-Free Quality Municipal Income Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-08-31N/A
Q32024-11-30-100.0%
Q42025-02-28N/A
Q22025-08-31N/A
Nuveen California AMT-Free Quality Municipal Income Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-02-28USD -2.041058.8%
20242024-02-29USD 0.85N/A
20242024-08-31USD 0.60N/A
20252025-08-31USD -0.75N/A
Nuveen California AMT-Free Quality Municipal Income Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-08-31N/A
Q32024-11-30-92.6%
Q42025-02-28100.0%
Q22025-08-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2025YOY CHG

Revenue

$20.31M

N/A

Gross Profit

$17.38M

N/A

Gross Margin

85.57%

N/A

Market Cap

$629.04MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

-$39.53M

N/A

EBITDA

-$31.86M

-176512.8%

Quarterly Fundamentals

Name
Q2 2025YOY CHG

Total Cash

$16.00M

+1212.5%

Total Debt

$436.52M

+1.7%

Accounts Receivable

$12.60M

-0.5%

Inventory

$0.00

N/A

Long Term Debt

$429.32M

+8.5%

Short Term Debt

$7.20M

-78.5%

Return on Assets

-3.67%

N/A

Return on Invested Capital

-2.11%

N/A

Free Cash Flow

$12.34M

+37.8%

Operating Cash Flow

$12.34M

+37.8%

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Questions About NKX

What is the current price of Nuveen California AMT-Free Quality Municipal Income Fund?

Nuveen California AMT-Free Quality Municipal Income Fund is trading at $11.98 per share.

What is the 52-week range for Nuveen California AMT-Free Quality Municipal Income Fund?

Over the past 52 weeks, Nuveen California AMT-Free Quality Municipal Income Fund has traded between $11.68 and $13.20.

How much debt does Nuveen California AMT-Free Quality Municipal Income Fund have?

As of the most recent reporting period, Nuveen California AMT-Free Quality Municipal Income Fund reported total debt of $436.52M.

How much cash does Nuveen California AMT-Free Quality Municipal Income Fund have on hand?

Nuveen California AMT-Free Quality Municipal Income Fund reported $0.00 in cash and cash equivalents in its most recent financial results.

What is Nuveen California AMT-Free Quality Municipal Income Fund’s dividend yield?

Nuveen California AMT-Free Quality Municipal Income Fund currently has a dividend yield of 7.51%.

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