# Nuveen California Quality Municipal Income Fund (NAC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $11.45, market value $1.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Nuveen California Quality Municipal Income Fund reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 8.3%** (5-yr avg 8.0%). Free cash flow equals 8.3% of the market value, in line with its five-year average of 8.0%. Above 5% is generally attractive.

## Profitability
- **Net margin: 104.8%**. 104.8% of each dollar of sales reaches the bottom line.
- **Return on equity: -7.3%**. Return on equity is negative because earnings are negative.
- **Return on assets: -4.2%**. Each dollar of assets produces -4.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): -206.5%**. Earnings per share fell 206.5%.
- **Free-cash-flow growth (3 yr): 11.2%/yr**. Free cash flow has compounded at 11.2% a year over three years.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 7.28%** ($0.89 per share, trailing). Nuveen California Quality Municipal Income Fund yields 7.28%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 7.0%/yr** (1-yr 17.9%). The dividend has grown 7.0% a year over five years.
- **Shareholder yield: 7.7%**. Dividends plus net buybacks return 7.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): 8.9%** (YTD 1.2%, 3-mo -3.5%). The shares are up 8.9% over twelve months including dividends.
- **From 52-week high: -6.5%** (2.0% above the low). Trading 7% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 0.28** (volatility 8%). Beta of 0.28 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NAC · Page: https://foliofundamentals.com/stocks/nac

Not investment advice.