Nuveen Variable Rate Preferred & Income Fund

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Nuveen Variable Rate Preferred & Income Fund (NPFD) pays a monthly dividend yielding 10.01% ($1.88/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Key Data

Dividend Yield

10.01%

Payout Ratio

92%

Annual Dividend

$1.88

5-Yr Avg Growth

—

Ex-Dividend Date

Jun 15, 2026

Years of Growth

2

Frequency

monthly

Beta

0.73

Market Cap

$453.3M

P/E Ratio

8.7

5-Yr Total Return

—

52-Week Range

$17.59 – $20.12

Dividend Safety

C · 50/100

Ever Cut?

Yes (2023)

Frequently Asked Questions