Nuveen Variable Rate Preferred & Income Fund (NPFD)Financial Services | Asset Management | Chicago, United States | NYSE
17.23 USD
0.00
(-0.020%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 11:15 a.m. EDT
The income profile here is aggressive but structurally fragile. The headline yield of 10.76% is driven by a payout ratio exceeding 150%, meaning the fund is distributing more than it earns in net income, which is unsustainable for a variable-rate preferred vehicle in a rising rate environment. While the recent price action shows resilience with a slight uptick and steady demand, the underlying economics are deteriorating; quarterly earnings have collapsed by nearly 94%, and the fund trades at a significant discount to its book value, signaling deep market skepticism about its ability to maintain distributions without eroding capital. The multi-year trajectory is mixed, having recovered strongly from a 2023 dip, but the current earnings contraction suggests the recovery may be stalling. For investors seeking yield, the risk of distribution cuts outweighs the attractive current rate. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.019101 |
| AutoTheta | 0.019281 |
| AutoETS | 0.019297 |
| MSTL | 0.019301 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 57% |
| H-stat | 9.63 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.028 |
| Excess Kurtosis | 0.05 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-10-14 |
| Last Dividend Date | 2026-09-14 |
| Debt to Equity Ratio | 40.364 |
| Revenue per Share | 2.029 |
| Market Cap | 416,348,128 |
| Trailing P/E | 13.90 |
| Beta | 0.74 |
| Profit Margins | 61.56% |
| Website | https://www.nuveen.com |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.89% | 10.04% | 9.61% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-15 | 0.157 | 0.888009 |
| 2026-08-14 | 0.157 | 0.843632 |
| 2026-07-15 | 0.157 | 0.841823 |
| 2026-06-15 | 0.157 | 0.844540 |
| 2026-05-15 | 0.157 | 0.830249 |
| 2026-04-15 | 0.157 | 0.826751 |
| 2026-03-13 | 0.157 | 0.819415 |
| 2026-02-13 | 0.157 | 0.802248 |
| 2026-01-15 | 0.157 | 0.813050 |
| 2025-12-15 | 0.157 | 0.815584 |
| 2025-11-14 | 0.168 | 0.865533 |
| 2025-10-15 | 0.168 | 0.844221 |
| 2025-09-15 | 0.168 | 0.857580 |
| 2025-08-15 | 0.168 | 0.875912 |
| 2025-07-15 | 0.168 | 0.878202 |
| 2025-06-13 | 0.168 | 0.887949 |
| 2025-05-15 | 0.168 | 0.887012 |
| 2025-04-15 | 0.168 | 0.938757 |
| 2025-03-14 | 0.168 | 0.899839 |
| 2025-02-14 | 0.168 | 0.881890 |
| 2025-01-15 | 0.168 | 0.898876 |
| 2024-12-13 | 0.168 | 0.883745 |
| 2024-11-15 | 0.168 | 0.901288 |
| 2024-10-15 | 0.168 | 0.890774 |
| 2024-09-13 | 0.168 | 0.890774 |
| 2024-08-15 | 0.168 | 0.915033 |
| 2024-07-15 | 0.168 | 0.892193 |
| 2024-06-14 | 0.168 | 0.952921 |
| 2024-05-14 | 0.120 | 0.682206 |
| 2024-04-12 | 0.120 | 0.710059 |
| 2024-03-14 | 0.120 | 0.684150 |
| 2024-02-14 | 0.120 | 0.697674 |
| 2024-01-11 | 0.094 | 0.563211 |
| 2023-12-14 | 0.094 | 0.574924 |
| 2023-11-14 | 0.087 | 0.552381 |
| 2023-10-12 | 0.087 | 0.579228 |
| 2023-09-14 | 0.087 | 0.540709 |
| 2023-08-14 | 0.087 | 0.536044 |
| 2023-07-13 | 0.087 | 0.550633 |
| 2023-06-14 | 0.087 | 0.560206 |
| 2023-05-12 | 0.087 | 0.595890 |
| 2023-04-13 | 0.087 | 0.549589 |
| 2023-03-14 | 0.096 | 0.577270 |
| 2023-02-14 | 0.096 | 0.506062 |
| 2023-01-12 | 0.096 | 0.526894 |
| 2022-12-14 | 0.120 | 0.685323 |
| 2022-11-14 | 0.120 | 0.684150 |
| 2022-10-13 | 0.120 | 0.698893 |
| 2022-09-14 | 0.138 | 0.756579 |
| 2022-08-12 | 0.138 | 0.685204 |
| 2022-07-14 | 0.138 | 0.755337 |
| 2022-06-14 | 0.138 | 0.736000 |
| 2022-05-12 | 0.138 | 0.735216 |
| 2022-04-13 | 0.138 | 0.644860 |
| 2022-03-14 | 0.138 | 0.633318 |
| 2022-02-14 | 0.138 | 0.571192 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.12260342 |
| Address1 | 333 West Wacker Drive |
| All Time High | 26.88 |
| All Time Low | 14.5 |
| Ask | 19.0 |
| Ask Size | 600 |
| Average Daily Volume10 Day | 87,790 |
| Average Daily Volume3 Month | 66,356 |
| Average Volume | 66,356 |
| Average Volume10Days | 87,790 |
| Beta | 0.741 |
| Bid | 12.76 |
| Bid Size | 400 |
| Book Value | 19.387 |
| City | Chicago |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 17.23 |
| Current Ratio | 0.416 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 17.34 |
| Day Low | 17.1301 |
| Debt To Equity | 40.364 |
| Display Name | Nuveen Variable Rate Pfd & Incm |
| Dividend Yield | 10.55 |
| Earnings Growth | -0.936 |
| Earnings Quarterly Growth | -0.936 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 12.335 |
| Enterprise Value | 604,679,616 |
| Eps Trailing Twelve Months | 1.24 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,792,022,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 312-917-6912 |
| Fifty Day Average | 18.1334 |
| Fifty Day Average Change | -0.9034004 |
| Fifty Day Average Change Percent | -0.049819693 |
| Fifty Two Week Change Percent | -12.260342 |
| Fifty Two Week High | 20.03 |
| Fifty Two Week High Change | -2.8000011 |
| Fifty Two Week High Change Percent | -0.13979037 |
| Fifty Two Week Low | 16.89 |
| Fifty Two Week Low Change | 0.34000015 |
| Fifty Two Week Low Change Percent | 0.020130264 |
| Fifty Two Week Range | 16.89 - 20.03 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,639,665,000,000 |
| Five Year Avg Dividend Yield | 6.09 |
| Free Cashflow | 19,015,028 |
| Full Exchange Name | NYSE |
| Fullday Change | 0.04650116 |
| Fullday Change Percent | 0.26983005 |
| Fullday Price | 17.23 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 49,022,980 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0 |
| Held Percent Institutions | 0.32539 |
| Implied Shares Outstanding | 24,164,141 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Language | en-US |
| Last Dividend Date | 1,789,430,400 |
| Last Dividend Value | 0.157 |
| Last Fiscal Year End | 1,785,456,000 |
| Long Business Summary | Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois. |
| Long Name | Nuveen Variable Rate Preferred & Income Fund |
| Market | us_market |
| Market Cap | 416,348,128 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_717352258 |
| Most Recent Quarter | 1,785,456,000 |
| Net Income To Common | 30,179,124 |
| Next Fiscal Year End | 1,816,992,000 |
| Non Diluted Market Cap | 419,489,487 |
| Open | 17.26 |
| Operating Cashflow | 47,332,860 |
| Operating Margins | 0.83759004 |
| Payout Ratio | 1.5467999 |
| Phone | 312-917-7700 |
| Previous Close | 17.2335 |
| Price Hint | 2 |
| Price To Book | 0.8887399 |
| Price To Sales Trailing12 Months | 8.492918 |
| Profit Margins | 0.61561 |
| Quick Ratio | 0.33 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.00349998 |
| Regular Market Change Percent | -0.0203092 |
| Regular Market Day High | 17.34 |
| Regular Market Day Low | 17.1301 |
| Regular Market Day Range | 17.1301 - 17.34 |
| Regular Market Open | 17.26 |
| Regular Market Previous Close | 17.2335 |
| Regular Market Price | 17.23 |
| Regular Market Time | 1,792,094,402 |
| Regular Market Volume | 66,082 |
| Return On Assets | 0.03381 |
| Return On Equity | 0.063319996 |
| Revenue Growth | 0.038 |
| Revenue Per Share | 2.029 |
| Sand P52 Week Change | 0.16440773 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 24,164,141 |
| Shares Percent Shares Out | 0.0049 |
| Shares Short | 118,229 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 191,150 |
| Short Percent Of Float | 0.0055 |
| Short Ratio | 1.91 |
| Source Interval | 15 |
| State | IL |
| Symbol | NPFD |
| Total Cash | 763,366 |
| Total Cash Per Share | 0.032 |
| Total Debt | 189,094,832 |
| Total Revenue | 49,022,980 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.922 |
| Trailing Annual Dividend Yield | 0.11152697 |
| Trailing Eps | 1.24 |
| Trailing P E | 13.895161 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 18.77965 |
| Two Hundred Day Average Change | -1.5496502 |
| Two Hundred Day Average Change Percent | -0.08251753 |
| Type Disp | Equity |
| Volume | 66,082 |
| Website | https://www.nuveen.com |
| Zip | 60,606 |