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.

NPFD

$18.68

−$0.08 (−0.43%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NPFD Key Statistics

As of Sep 4, 2026

Trading

Open: $18.69
Previous Close: $18.76
Day's Range: 18.60–18.78
52-Week Range: 17.59–20.12
Volume: 46.60K
Beta: 0.73

Valuation

Market Cap: $451.39M
P/E Ratio: 8.73
P/S ratio: 9.38
EPS (ttm): 2.14

Financials (FY)

Revenue (FY): $66.80M
Net Income (FY): $65.36M
Profit margin: 108.68%
Shares Outstanding: 24.16M
1-Year Return: +4.33%

Dividend and dates

Dividend: $1.88+10.01%
Ex-Dividend Date: August 14, 2026
Avg Volume: 55.58K

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

NPFD Stock Return by Calendar Year

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%+3.99%

2021*20222023202420252026*

Year	Return
2026 (partial year)	+3.99%
2025	+15.98%
2024	+23.56%
2023	−1.07%
2022	−25.33%
2021 (partial year)	+1.40%

As of September 4, 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*	$1.26	8	—
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)	$1.26	8	—
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 August 14, 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 561 stocks

Metric	NPFD	Asset Management median	vs median
P/E	8.73	10.34	16% below
P/S ratio	9.38	10.42	10% below
Profit margin	108.68%	24.09%	84.6 pts above

Medians across 561 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Nuveen Variable Rate Preferred & Income Fund (NPFD) carries a market capitalisation of $451.39M. It is classified in the Asset Management industry, within the Financial Services sector.

The most recent close on file for NPFD is $18.68, dated September 4, 2026. That is −$0.08 (−0.43%) against the previous close. Over the past 52 weeks the price has ranged from $17.59 to $20.12. The latest close sits 6.2% 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 108.68%. That is 84.6 percentage points above the Asset Management median of 24.09%. Earnings per share on a trailing basis come to 2.14.

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 8.73. That is 15.57% below the Asset Management median of 10.34. The price-to-sales ratio is 9.38. On price-to-sales that is 10.01% below the Asset Management median of 10.42. 561 Asset Management companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +4.33%. Across 3 years the annualized return works out at +15.15%. The reported beta is 0.73. Annualized volatility over the trailing 4 years is 13.3%.

Growth & Income

NPFD pays a dividend yielding 10.01%. That is 1.9 percentage points above the Asset Management median yield of 8.11%. The indicated annual rate is $1.88 a share. The ex-dividend date on file is August 14, 2026. Dividends are recorded for 5 calendar years; 2026 shows 8 payments totalling $1.26 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 price is +3.99% 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: