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NPFD

Nuveen Variable Rate Preferred & Income Fund
last price

About this security

NPFD is a 7.776% preferred stock issued by Nuveen Variable Rate Preferred & Income Fund.

Nuveen Variable Rate Preferred & Income Fund: . Company Overview Neptune is a leading, high-growth, highly profitable, data-driven MGA that is revolutionizing the way homeowners and businesses protect against the growing risks of flooding. We offer a range of easy-to-purchase residential and commercial insurance products - including primary flood insurance, excess flood insurance, and parametric earthquake insurance - distributed through a nationwide network of agencies. Neptune does not take any balance sheet insurance risk or have claims handling responsibility relating to the policies we sell. We underwrite and administer the issuance of insurance policies on behalf of a diverse panel of insurance and reinsurance companies, whom we refer to as capacity providers, that manage both this risk and the associated claims handling. From day one, we have built our business on a foundation of advanced data science and AI, leveraging proprietary ML algorithms, which has led to superior underwriting results, outsized growth, recurring revenue, and robust margins, including delivering a lifetime written loss ratio of just 24.7% to our capacity providers from our inception through June 30, 2025. In addition, for the year ended December 31, 2025, we achieved 33.7% organic revenue growth, 23.4% net income margin and 59.5% Adjusted EBITDA margin. Neptune was founded to solve the inefficiencies and poor product-market fit we saw in the traditional flood insurance market, which we believe represents a significant and underpenetrated opportunity.

Issuer page — all Nuveen Variable Rate Preferred & Income Fund securities & profile →

Key Stats structural terms pending prospectus match consistency checks passed — not source-verified

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Current Yield
Annual Dividend
Recent Market Price
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-06-15
Pay Frequency
monthly
Cumulative
Original Coupon (est.)
7.776%
Call Date
Yield to Call
n/a — par pending
Yield to Worst
Liq. Preference
par pending
Maturity
Redeemable
No
Convertible
No
Trading Since
2021-12-16 (data avail.)

⚠ Liquidation preference not yet confirmed from the prospectus ("par pending"), so premium/discount and yield-to-call are withheld rather than computed from an assumed value. Price, yield, and dividends are exact from the market feed.

Quote

 NPFD (preferred)
Last $18.59
Change
Open$18.53
High / Low $18.69 / $18.52
Prev Close
Volume56,626
52-Week High / Low $20.12 / $17.59

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

NPFD NP (common)

Dividend History

Ex-DateAmount / Share
2026-06-15$0.156500
2026-05-15$0.156500
2026-04-15$0.156500
2026-03-13$0.156500
2026-02-13$0.156500
2026-01-15$0.156500
2025-12-15$0.156500
2025-11-14$0.167500
2025-10-15$0.167500
2025-09-15$0.167500
2025-08-15$0.167500
2025-07-15$0.167500

Performance — $10K Calculator

See what an investment in NPFD would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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News — Nuveen Variable Rate Preferred & Income Fund

Issuer news via Tiingo, tagged to NP.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
Finding your way around
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This is information, not investment advice.

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