Nuveen Variable Rate Preferred & Income Fund (NPFD) Dividend Yield, History & Safety Analysis
Nuveen Variable Rate Preferred & Income Fund (NPFD) pays a high 9.87% dividend yield, or $1.88 per share annually at a stock price of $18.82. The payout ratio of 92% is elevated, which may indicate the dividend could be cut if earnings decline. Earnings cover the dividend 1.1x. Dividend growth is accelerating — the 3-year CAGR of 12.4% exceeds the 5-year rate of 7.9% and the 10-year rate of 7.9%. The most recent ex-dividend date was May 15, 2026.
- Dividend Yield
- 9.87%
- Annual Dividend
- $1.88
- Payout Ratio
- 92.0%
- Consecutive Years of Growth
- 0
- Ex-Dividend Date
- 2026-05-15
- Sector
- Financial Services
- Earnings Per Share
- $2.15
Frequently Asked Questions
What is NPFD's current dividend yield?
Nuveen Variable Rate Preferred & Income Fund (NPFD) has a dividend yield of 9.87%, paying $1.88 per share annually.
How often does NPFD pay dividends?
Nuveen Variable Rate Preferred & Income Fund typically pays dividends on a quarterly basis. The annual dividend totals $1.88 per share.
Is NPFD's dividend safe?
Nuveen Variable Rate Preferred & Income Fund's dividend safety is rated "At Risk." The payout ratio of 92% is elevated, which may indicate the dividend could be cut if earnings decline. Earnings cover the dividend 1.1x.
When is NPFD's next ex-dividend date?
The most recent ex-dividend date for Nuveen Variable Rate Preferred & Income Fund was May 15, 2026. Ex-dividend dates are typically announced a few weeks before the payment date.
What is NPFD's dividend growth rate?
Nuveen Variable Rate Preferred & Income Fund has a 5-year dividend compound annual growth rate (CAGR) of 7.9%. The 10-year CAGR is 7.9%.
What is NPFD's payout ratio?
Nuveen Variable Rate Preferred & Income Fund has a payout ratio of 92%, meaning it distributes 92% of its earnings as dividends. This is elevated and may limit future increases.
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