Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund

NAZ
Nuveen Arizona Quality Municipal Income FundUS flagNew York Stock Exchange
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USD
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Recent

price

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P/E

ratio

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div

yld

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ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
1.84
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2.37
1.47
-0.52
1.68
0.8
0.01
0.52
0.59
1.92
0.1
0.05
-1.64
0.75
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Revenue per Share
1.77
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2.32
1.42
-0.55
1.66
0.79
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0.5
0.56
1.9
0.08
0.03
-1.65
0.74
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Basic EPS, GAAP
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0.53
0.58
-3.87
0.76
0.73
-0.04
0.44
0.14
0.48
0.52
0.69
0.6
1.23
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Free Cash Flow per Basic Share
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0.76
0.75
0.7
0.79
0.78
0.75
0.65
0.53
0.52
0.55
0.64
0.54
0.39
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Dividend per Share
-0.92
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-0.42
0.31
0.16
0.14
0.1
0.04
0.01
0.66
2.05
1.54
1.09
-1.18
-0.82
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Book Value per Share
13.99
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14.82
15.53
15.11
15.01
14.9
14.26
14.28
14.06
15.59
14.89
16.02
12.43
12.74
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Tangible Book Value per Share
4
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4
4
11
12
12
12
12
12
12
12
10
12
12
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Basic Weighted Avg Shares
8
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11
7
-6
19
9
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6
7
22
1
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-19
9
-7
Sales/Revenue/Turnover
98.06
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98.58
96.58
105.34
98.93
98.48
-55.9
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Operating Margin (%)
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Depreciation Expense
8
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10
6
-6
19
9
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6
7
22
1
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-19
9
-7
Net Income, GAAP
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Effective Tax Rate (%)
98.06
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98.22
96.58
105.34
98.93
98.48
-55.9
96.78
94.47
99.17
83.88
65.62
100.9
98.17
102.68
Profit Margin (%)
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Working Capital
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1
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LT Debt
63
59
66
69
164
174
174
165
165
164
180
174
168
143
147
135
Total Equity
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16.63
9.34
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11.38
5.31
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Return on Invested Capital (%)
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Return on Capital (%)
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-382.7
1,147.08
671.49
-7.32
2,118.46
165.73
139.45
4.49
2.13
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Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.31%
-5.47%
-8.4%
Free Cash Flow
-115.47%
14.76%
-54.95%
Net Income, GAAP
-1,679.29%
-1,325.61%
-185.73%
Sales/Revenue/Turnover
134.92%
-900.99%
-181.96%
Total Cash Common Dividend
5.66%
19.29%
118.86%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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-19
2024
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9
2025
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-7

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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-1.65
2024
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0.74
2025
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Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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0.54
2024
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0.39
2025
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Business
Nuveen Arizona Quality Municipal Income Fund (NAZ) is a closed-end management investment company that seeks current income exempt from both regular federal income taxes and Arizona individual income taxes through a diversified portfolio of municipal securities; its secondary objective is the enhancement of portfolio value relative to the Arizona municipal bond market. The Fund invests at least 80% of its managed assets in investment-grade municipal obligations issued by or on behalf of the State of Arizona or its authorities, instrumentalities, or political subdivisions, including general obligation bonds, revenue bonds, and essential-purpose securities backed by state and local governments and quasi-governmental agencies; it may allocate up to 20% of managed assets to below-investment-grade municipal securities (of which up to 10% may be rated below B-/B3 or equivalent), and employs leverage to enhance returns. Nuveen Asset Management, LLC serves as the investment adviser, applying fundamental credit analysis and bottom-up selection to identify underrated, undervalued, or sector-specific opportunities within the Arizona fixed-income markets. Founded on November 19, 1992, and headquartered at 333 West Wacker Drive in Chicago, Illinois, the Fund previously operated as Nuveen Arizona Premium Income Municipal Fund before adopting its current name; it benchmarks performance against the S&P Arizona Municipal Bond Index and S&P National Municipal Bond Index, targeting Arizona-resident investors seeking tax-advantaged income from an average portfolio maturity of approximately 18.66 years. In August 2024, the Fund's Board of Trustees approved a fiscal year-end change to align with certain peer funds, marking a significant operational adjustment; the Fund continues regular monthly distributions, with the latest announced payable December 1, 2025, and held a virtual annual shareholder meeting in December 2025 for trustee elections, amid ongoing proxy solicitations with no reported mergers, acquisitions, or major strategic shifts involving NAZ itself.