NYSE · Asset Management · USD

Nuveen Variable Rate Preferred & Income Fund (NPFD) Stock Analysis

Nuveen Variable Rate Preferred & Income Fund (NPFD) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NPFD

$16.89

−$0.05 (−0.30%)

Oct 21, 2026 · Market close

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Price History

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NPFD Key Statistics

As of Oct 21, 2026

Trading

Open: $17.00
Previous Close: $16.94
Day's Range: 16.86–17.02
52-Week Range: 16.86–20.03
Volume: 96.92K
Beta: 0.74

Valuation

Market Cap: $408.13M
P/E Ratio: 13.62
P/S ratio: 8.33
EPS (ttm): 1.24

Financials (FY)

Revenue (FY): $66.80M
Net Income (FY): $65.36M
Profit margin: 61.56%
Shares Outstanding: 24.16M
1-Year Return: −8.48%

Dividend and dates

Dividend: $1.88+11.09%
Ex-Dividend Date: October 15, 2026
Avg Volume: 67.89K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NPFD closed at $16.89, −8.48% over 1 year.

Nuveen Variable Rate Preferred & Income Fund (NPFD) has a market capitalization of $408.13M.

In fiscal 2024, NPFD reported revenue of $66.80M.

NPFD Stock Return by Calendar Year

Nuveen Variable Rate Preferred & Income Fund (NPFD) return since Dec 2021: what $10,000 became

1 year: $10,000 $9,152; −8.48%
3 years: $10,000 $15,117; +51.17%
Since Dec 2021: $10,000 $10,093; +0.93%

If you had invested $10,000 in Nuveen Variable Rate Preferred & Income Fund (NPFD) at the close on December 16, 2021, the earliest close on record here, it would have been worth $10,093 at the close on October 21, 2026: +0.93% in total, +0.19% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+1.40%−25.33%−1.07%+23.56%+15.98%−5.98%

2021*20222023202420252026*

Year	Return
2026 (partial year)	−5.98%
2025	+15.98%
2024	+23.56%
2023	−1.07%
2022	−25.33%
2021 (partial year)	+1.40%

As of October 21, 2026.

NPFD Revenue and Earnings by Fiscal Year

FY ends July

RevenueNet income

202220232024

Fiscal year	Revenue	Net income	Net margin
2024	$66.80M	$65.36M	97.8%
2023	−$23.40M	−$24.54M	104.9%
2022	−$75.07M	−$75.27M	100.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$66.80M	—	—	$65.36M	97.8%
2023	−$23.40M	—	—	−$24.54M	104.9%
2022	−$75.07M	—	—	−$75.27M	100.3%

Annual figures as reported, in the company's reporting currency. As of July 31, 2024.

NPFD Dividend History

’22’23’24’25’26*

$2.01+14.6% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$1.41	9	—
2025	$2.01	12	+14.6%
2024	$1.75	12	+62.3%
2023	$1.08	12	−26.4%

Year	Dividends per share	Payments	Change
2026 (partial year)	$1.41	9	—
2025	$2.01	12	+14.6%
2024	$1.75	12	+62.3%
2023	$1.08	12	−26.4%
2022	$1.46	11	—

Most recent payment: $0.16 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NPFD Valuation vs Asset Management Median

Median of 512 stocks

Metric	NPFD	Asset Management median	vs median
P/E	13.62	9.44	44% above
P/S ratio	8.33	8.59	3% below
Profit margin	61.56%	74.97%	13.4 pts below

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Nuveen Variable Rate Preferred & Income Fund (NPFD) carries a market capitalisation of $408.13M. It is classified in the Asset Management industry, within the Financial Services sector.

The most recent close on file for NPFD is $16.89, dated October 21, 2026. That is −$0.05 (−0.30%) against the previous close. Over the past 52 weeks the price has ranged from $16.86 to $20.03. The latest close sits 0.18% above that 52-week low.

Financial Health

In fiscal 2024, Nuveen Variable Rate Preferred & Income Fund reported revenue of $66.80M. Net income for the same year was $65.36M. Profit margin runs at 61.56%. That is 13.4 percentage points below the Asset Management median of 74.97%. Earnings per share on a trailing basis come to 1.24.

Across the 3 fiscal years on file, revenue moves from −$75.07M in 2022 to $66.80M in 2024. Of those 3 years, 1 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 13.62. That is 44.28% above the Asset Management median of 9.44. The price-to-sales ratio is 8.33. On price-to-sales that is 3.11% below the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −8.48%. Across 3 years the annualized return works out at +14.77%. The reported beta is 0.74. Annualized volatility over the trailing 4 years is 13.08%.

Growth & Income

NPFD pays a dividend yielding 11.09%. That is 2.2 percentage points above the Asset Management median yield of 8.91%. The indicated annual rate is $1.88 a share. The ex-dividend date on file is October 15, 2026. Dividends are recorded for 5 calendar years; 2026 shows 9 payments totalling $1.41 a share. The year before, 2025, totalled $2.01 a share.

The strongest complete calendar year on file is 2024 at +23.56%; the weakest is 2022 at −25.33%. Of the 4 complete calendar years on file, 2 finished higher. 2026 is still running; the total return is −5.98% year to date.

Peer Comparison

Nuveen Variable Rate Preferred & Income Fund (NPFD) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Nuveen Variable Rate Preferred & Income Fund	NPFD	$408.13M	13.6
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5