# Nuveen Variable Rate (NPFD) — Dividends

NPFD · NYSE · Stock

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

## Dividend summary

| Metric | Value |
| --- | --- |
| Frequency | monthly |
| Trailing 12 months | $1.89 |
| Forward yield | 10.96% |
| Growth streak | 2 years |

Nuveen Variable Rate Preferred & Income Fund distributes dividends on a monthly schedule, with a current payout rate of $0.1565 per share. At a share price of $17.5099, the fund's trailing-12-month dividend total of $1.90 translates to a [yield](/instructions/learning/dividend-yield) of 10.85%. The fund currently holds a dividend growth streak of 2 years.

The monthly payment amounts have undergone several adjustments. For complete calendar years, total annual distributions rose from $1.0735 per share in 2023 to $1.7440 in 2024, and reached $1.9990 in 2025. In 2022, 11 payments totalled $1.4625. Monthly payouts reached a low of $0.0865 in mid-2023 before rising through increases in December 2023 to $0.0935, February 2024 to $0.1195, and June 2024 to $0.1675. That $0.1675 level was maintained for 18 consecutive months until December 2025, when the rate was reduced by 6.57% to $0.1565, where it has stayed through 2026.

The latest declared payment of $0.1565 per share carries an [ex-date](/instructions/learning/ex-dividend-date) of October 15, 2026, and a pay date of November 2, 2026. Following its established monthly pattern, the next dividend after October would be expected to have an ex-date in mid-November 2026.

## Payment history

| Ex-date | Pay date | Amount per share |
| --- | --- | --- |
| Oct 15, 2026 | Nov 2, 2026 | $0.16 |
| Sep 15, 2026 | Oct 1, 2026 | $0.16 |
| Aug 14, 2026 | Sep 1, 2026 | $0.16 |
| Jul 15, 2026 | Aug 3, 2026 | $0.16 |
| Jun 15, 2026 | Jul 1, 2026 | $0.16 |
| May 15, 2026 | Jun 1, 2026 | $0.16 |
| Apr 15, 2026 | May 1, 2026 | $0.16 |
| Mar 13, 2026 | Apr 1, 2026 | $0.16 |
| Feb 13, 2026 | Mar 2, 2026 | $0.16 |
| Jan 15, 2026 | Feb 2, 2026 | $0.16 |
| Dec 15, 2025 | Dec 31, 2025 | $0.16 |
| Nov 14, 2025 | Dec 1, 2025 | $0.17 |
| Oct 15, 2025 | Nov 3, 2025 | $0.17 |
| Sep 15, 2025 | Oct 1, 2025 | $0.17 |
| Aug 15, 2025 | Sep 2, 2025 | $0.17 |
| Jul 15, 2025 | Aug 1, 2025 | $0.17 |
| Jun 13, 2025 | Jul 1, 2025 | $0.17 |
| May 15, 2025 | Jun 2, 2025 | $0.17 |
| Apr 15, 2025 | May 1, 2025 | $0.17 |
| Mar 14, 2025 | Apr 1, 2025 | $0.17 |

## Frequently Asked Questions

### Does Nuveen Variable Rate (NPFD) pay a dividend?

Yes. Nuveen Variable Rate pays a monthly dividend; the most recent payment was $0.16 per share.

### What is NPFD's dividend yield?

Nuveen Variable Rate paid $1.89 per share over the trailing twelve months, a yield of 10.96% at the last price of $17.23. [Click here to learn more](https://www.lighthorse.io/instructions/learning/dividend-yield)

### When is NPFD's most recent ex-dividend date?

Nuveen Variable Rate's most recent ex-dividend date is Oct 15, 2026, payable on Nov 2, 2026.

### What is the difference between ex and payment dates?

An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. [Click here to learn more](https://www.lighthorse.io/instructions/learning/ex-dividend-date)

### Has NPFD been raising its dividend?

Yes — Nuveen Variable Rate has increased its dividend for 2 consecutive calendar years.

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Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.

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).