Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Dividend Payout Ratio

: 1.02 (As of Aug. 2023)

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Nuveen New Jersey Quality Municipalome Fund's dividend payout ratio for the months ended in Aug. 2023 was 1.02.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nuveen New Jersey Quality Municipal Income Fund is 1.93, which seems too high.

The historical rank and industry rank for Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio or its related term are showing as below:

NXJ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.67 Max: 1.93
Current: 1.93

During the past 13 years, the highest Dividend Payout Ratio of Nuveen New Jersey Quality Municipalome Fund was 1.93. The lowest was 0.28. And the median was 0.67.

NXJ's Dividend Payout Ratio is ranked worse than
83.94% of 940 companies
in the Asset Management industry
Industry Median: 0.83 vs NXJ: 1.93

As of today (2024-04-18), the Dividend Yield % of Nuveen New Jersey Quality Municipalome Fund is 3.49%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Nuveen New Jersey Quality Municipalome Fund was 6.64%. The lowest was 3.49%. And the median was 5.32%.

Nuveen New Jersey Quality Municipalome Fund's Dividends per Share for the months ended in Aug. 2023 was $0.18.

During the past 12 months, Nuveen New Jersey Quality Municipalome Fund's average Dividends Per Share Growth Rate was -38.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -6.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nuveen New Jersey Quality Municipalome Fund was 3.40% per year. The lowest was -8.00% per year. And the median was -2.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Nuveen New Jersey Quality Municipalome Fund Dividend Payout Ratio Historical Data

The historical data trend for Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nuveen New Jersey Quality Municipalome Fund Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Dividend Payout Ratio

0.83

0.28

Nuveen New Jersey Quality Municipalome Fund Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Dividend Payout Ratio																0.52	-	-	7.40	1.02

Competitive Comparison

For the Asset Management subindustry, Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen New Jersey Quality Municipalome Fund Dividend Payout Ratio Distribution

For the Asset Management industry and Financial Services sector, Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio falls into.

Nuveen New Jersey Quality Municipalome Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Feb. 2023 )	/	EPS without NRI (A: Feb. 2023 )
	=	0.531	/	-1.57
	=	N/A

Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio for the quarter that ended in Aug. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Aug. 2023 )	/	EPS without NRI (Q: Aug. 2023 )
	=	0.183	/	0.18
	=	1.02

Nuveen New Jersey Quality Municipalome Fund (NYSE:NXJ) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nuveen New Jersey Quality Municipalome Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Nuveen New Jersey Quality Municipalome Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 West Wacker Drive, Chicago, IL, USA, 60606

Website

https://www.nuveen.com

Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management company. Its objective is to provide current income exempt from regular federal and New Jersey income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.

Executives

Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Trey Iii Stenersen	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black	officer: Chief Compliance Officer	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r.	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Joanne Medero	other: Trustee	333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton	other: Trustee	3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan	other: Vice President	TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner	officer: Vice President	333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart	officer: Vice President	333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham	officer: Vice President	C/O NUVEEN, STE 3400, CHICAGO IL 60606
Demark L Winget	officer: Vice President	C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606
William T. Meyers	officer: Vice President	C/O NUVEEN, 333 W. WACKER DRIVE, CHICAGO IL 60606

Nuveen New Jersey Quality Municipalome Fund (Nuveen New Jersey Quality Municipalome Fund) Headlines

From GuruFocus

Saba Capital Management, L.P. Bolsters Position in Nuveen New Jersey Quality Municipal Income Fund

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