Dividend Information About Nuveen New York Quality Municipal Income Fund: Everything You Need to Know Before Its Ex-Dividend Date on Sep 15, 2025

Generated by AI AgentAinvest Dividend Digest
Thursday, Sep 11, 2025 8:25 pm ET1min read
NAN--
Aime RobotAime Summary

- Nuveen New York Quality Municipal Income Fund (NAN) declared a $0.072/share cash dividend, payable Oct 1, 2025, with an ex-dividend date of Sep 15, 2025.

- The dividend exceeds the 10-year average of $0.0626/share, reflecting the fund’s focus on high-quality municipal bonds and stable income generation.

- Analysts highlight NAN’s strong New York municipal bond performance, a portfolio weighted toward Baa/BBB+ securities, and a narrowed discount to NAV indicating improved investor confidence.

- With a 4.37% yield and strategic emphasis on tax-exempt municipal assets, NAN remains competitive amid rising sector interest and favorable market conditions.


The NuveenSPXX-- New York Quality Municipal Income Fund (NAN) has announced a cash dividend of $0.07200 per share, set to be paid on Oct 1, 2025. This follows the announcement on Sep 2, 2025, and the ex-dividend date of Sep 15, 2025. The dividend is slightly higher than the average of the last ten dividend payments, which stood at $0.06260 per share. Investors should note that the last dividend was also declared on Sep 2, 2025, with the same amount of $0.07200 per share, and the dividend type remains a cash distribution. As of late, this recent dividend increase signals a positive trend in the fund's income strategy, reinforcing its focus on municipal bonds and quality fixed-income assets.

Recently, the fund has been in the spotlight with several key developments. Over the past week, reports highlighted the fund’s performance in the New York municipal bond market, emphasizing its strong fundamentals and consistent yield generation. Analysts have pointed out that the fund continues to maintain a portfolio weighted toward high-quality municipal securities, with credit ratings of Baa/BBB or higher, supporting its stable income stream. Additionally, the fund’s average discount to net asset value has narrowed slightly, reflecting improved investor confidence.

Since the last update, there has been growing interest in the broader municipal bond sector, especially with rising yields and a favorable tax-exempt environment. This has led to increased scrutiny on closed-end funds like NAN that offer high dividend yields while maintaining strong portfolio diversification. The fund’s recent yield of 4.37% remains competitive in the market, particularly against peers such as Nuveen Muni Value Fund and other New York-focused funds. With its recent performance and strategic focus on high-quality municipal bonds, the fund appears well-positioned to continue delivering consistent returns to its shareholders.

In conclusion, the Nuveen New York Quality Municipal Income Fund is showing a favorable trajectory in both its income generation and portfolio performance. The upcoming ex-dividend date on Sep 15, 2025, marks the last day for investors to purchase shares and be eligible for the $0.07200 per share dividend, which is scheduled to be distributed on Oct 1, 2025. Any purchase after this date will not qualify for this dividend payment, so interested investors should plan accordingly to meet this key date.

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