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Nuveen California Select Tax-Free Income Portfolio Dividends

NXC Stock Analysis

Page title

Section title

Dividend Yield
4.21%
Payout Ratio
66%
Dividend Amount Per Share
$0.53
Last Ex-Dividend Date
Sep 13, 2024

NXC Dividend Safety

NXC paid out 66% of its $5M earnings as dividends over the last 12 months.

Somewhat Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

NXC's Dividend Payout Ratio of 66% is approaching unsustainable levels for the Financial Services sector, raising concerns about reinvestment and future growth.

Interest Rate Coverage

NXC's Interest Coverage Ratio of 3779.389 indicates strong financial health with easy coverage of interest expenses.

Income Quality

NXC demonstrates poor income quality with a ratio of 0. This indicates low-quality earnings and high risk of dividend cuts.

NXC Dividend Growth

Nuveen California Select Tax-Free Income Portfolio(NXC) offers a dividend yield of 4.21% and pays $0.53 in dividends per share. Explore the historical dividend growth of NXC.

Dividend Stability

NXC has shown inconsistent dividend payments over the past 10 years with 5 cuts over 5%.

Dividend Growth

NXC's dividend payments have shown very poor growth, growing by 0.811% over the last 5 years.

Earnings Growth

NXC's earnings have shown very poor growth, growing by 1.621% over the last 5 years. Poor earnings growth or decline indicates potential struggles to maintain dividend levels, which may lead to cuts and affect overall returns.

NXC Dividend Yield Attractiveness

Nuveen California Select Tax-Free Income Portfolio(NXC) provides a dividend yield of 4.21%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

Yield %

Sector

NXC

Industry

3.73%

4.21%

8.02%

Dividend Yield

NXC's dividend yield of 4.21% is considered good compared to the sector average of 3.73%, providing a strong safety margin for investors.

NXC Free Cash Flow and Dividends Paid

This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Nuveen California Select Tax-Free Income Portfolio. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.

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