# Nuveen Variable Rate (NPFD) — Overview

NPFD · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/npfd

## Price

Last close $17.23 on Oct 15, 2026. 52-week range $17.21 – $19.95.

## Company profile

Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.

## Financials

| Metric | Value |
| --- | --- |
| Revenue (trailing twelve months) | $49.0M |
| Revenue (quarter) | $49.0M |
| Revenue growth (year over year) | 5.26% |
| Gross profit (trailing twelve months) | $0.00 |
| Gross margin | 0.00% |
| Net income (trailing twelve months) | $30.2M |
| Net income (quarter) | $30.2M |
| Net income growth (year over year) | -35.57% |
| Net margin | 61.56% |
| Return on equity | 6.33% |
| EPS (trailing twelve months) | $1.25 |
| Book value per share | $19.39 |
| P/E (trailing twelve months) | 13.8 |
| Price to book | 0.9 |
| Debt to assets | 37.39% |
| Payout ratio | 153.89% |
| Dividend yield | 11.94% |

## Frequently Asked Questions

### Is Nuveen Variable Rate (NPFD) profitable?

Yes. Nuveen Variable Rate earned $30.2M in net income over the trailing twelve months, a net margin of 61.56%.

### How much revenue does Nuveen Variable Rate (NPFD) make?

Nuveen Variable Rate generated $49.0M in revenue over the trailing twelve months, up 5.26% year over year.

### What is NPFD's P/E ratio?

Nuveen Variable Rate trades at 13.8 times trailing twelve-month earnings, on an EPS of $1.25.

### How do I buy stock in Nuveen Variable Rate (NPFD)?

NPFD trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).