Loading…
Loading…
NPFD is a hybrid capital security, not common stock.
This listing is a capital note, preference share, or similar instrument associated with Nuveen Variable Rate Preferred & Income Fund. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company — not this instrument — and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.
See price against where its own fundamentals say it should trade — the shaded gap is the discount or premium, across five valuation lenses.
Click below to see what's inside, then upgrade to unlock for NPFD and 80,000+ other tickers.
See exactly how NPFD's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for NPFD and 80,000+ other tickers.
The Nuveen Variable Rate Preferred & Income Fund functions as a closed-end investment management entity, headquartered in Chicago, Illinois.
Nuveen Variable Rate Preferred & Income Fund remains a hold as dividend coverage and NAV stability face headwinds from potential rate hikes. NPFD's 10% yield is unsustainable; a 30% dividend cut would better support NAV and long-term performance. The fund's shrinking discount to NAV and high leverage amplify downside risk in a deteriorating debt market.
Preferred stocks are a little-known dividend secret. Worth knowing, by the way—they can yield up to 9.9%!
Nuveen Variable Rate Preferred & Income Fund has delivered strong total returns since our last update. This was partially driven by NPFD's discount having narrowed from over 8%, making the current valuation less compelling and justifying a "Hold" rating. The fund's 10.09% distribution yield relies on capital gains, with net investment income coverage at only around 70%, even after the distribution trim.
Rose's Income Garden (RIG) portfolio emphasizes high-yield monthly payers across BDCs, ETFs, and CEFs, supporting steady income generation. Capital Southwest is internally managed, yields 11.68%, trades at a premium, and is a hold with potential for adding on dips. PennantPark Floating Rate yields 15.22%, trades at a discount, but faces price pressure; considered a speculative hold due to dividend risk.
Nuveen Variable Rate Preferred & Income Fund is maintained at a hold rating due to limited operating history and inconsistent earnings coverage. NPFD offers a 9.8% dividend yield, improved net investment income, and trades at a 6.07% discount to NAV, making valuation more attractive. The fund's portfolio is heavily weighted toward investment-grade financials, providing credit quality but exposing returns to interest rate movements.