Nuveen Variable Rate Preferred & Income Fund (NPFD)
| Market Value | 456.12M |
| Revenue (ttm) | 42.71M |
| Net Income (ttm) | 65.36M |
| Shares Out | 24.16M |
| EPS (ttm) | 2.70 |
| PE Ratio | 6.98 |
| Forward PE | n/a |
| Dividend | $2.02 (10.68%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 25,215 |
| Open | 18.84 |
| Previous Close | 18.88 |
| Day's Range | 18.84 - 18.99 |
| 52-Week Range | 15.75 - 19.36 |
| Beta | 0.76 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About NPFD
Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois. [Read more]
News
NPFD: Discount Widens Back Out For This High-Yielding Preferred Focused CEF
Nuveen Variable Rate Preferred & Income Fund is now like a 'Buy' as the discount has widened back out. NPFD should benefit from lower borrowing costs as the Fed cuts its target rates, improving net in...
NPFD: Preferred Exposure And Big Distribution Increase
NPFD is a closed-end fund offering exposure to preferred and income securities, with a recent distribution increase sparking the discount to narrow. Distribution coverage is weak, but seeing the disco...
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare fo...
NPFD: Do Not Let The Fund's Name Fool You
The Nuveen Variable Preferred & Income Fund is a preferred stock fund that claims to invest in securities with dividend payments based on interest rates. Despite the yield curve being inverted, the NP...
Nuveen Closed-End Funds Announce Leading Independent Proxy Advisory Firm, Glass Lewis, Fully Supports Nuveen's Board Nominees
NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of certain Nuveen closed-end funds announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on ...
NPFD: Distribution Bump Amid Activist Pressure
Nuveen Variable Rate Preferred & Income Fund has announced another sizeable distribution boost following a previous raise in December 2023. Saba Capital Management has initiated a position in NPFD and...
NPFD: This Preferred CEF Will Have Its Day
Different funds within the same sector often have different tilts, which can impact their performance in different market scenarios. The Nuveen Variable Rate Preferred & Income Fund has a unique coupo...
CEF Weekly Review: CEF Fees Remain Full Of Pitfalls
We review CEF market valuation and performance through the second week of February and highlight recent market action. CEF price action was mixed, with higher-quality fixed-income sectors and interest...
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trust...
The Dirty Dozen CEFs From 2021: A Summary
In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NA...
NPFD: Expensive Fund With Hidden Fixed-Rate Exposure
Nuveen Variable Rate Preferred & Income Fund focuses on 'fixed-to-fixed' and 'fixed-to-floating' preferred securities, not primarily on true variable rate preferred securities as marketed. In the shor...
NPFD: Deep Discount Presents An Opportunity
Nuveen Variable Rate Preferred & Income Fund provides exposure to preferred and income investments and is trading at an attractive discount. The fund's portfolio includes a mix of fixed-to-fixed and f...
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferr...
Nuveen Variable Rate Preferred & Income Fund: Its First Year Was Bad
The Nuveen Variable Rate Preferred & Income Fund just past its first anniversary; a year its investors will just want to forget. After reviewing NPFD's current asset allocation, I will compare its ret...
Put These Beaten-Up 8%+ Yields In Your Pocket
As contrarian income seekers we buy when yields are high and prices are low.
Nuveen Variable Rate Preferred & Income Fund Announces Portfolio Manager Webinar
NEW YORK--(BUSINESS WIRE)--The Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD) will host a webinar featuring Fund portfolio manager and Head of the Preferred Securities Sector Team, Doug Bak...
Nuveen Variable Rate Preferred & Income Fund Declares Initial Distribution and Releases Fund Commentary
NEW YORK--(BUSINESS WIRE)--The Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD) declared its initial monthly distribution of $0.1380 per share. The fund began trading on the NYSE on December ...