NPFD (Nuveen Variable Rate Preferred&Income) Dividend Payout Ratio: 0.82 (As of Jan. 2026) — Near Median


NPFD Nuveen Variable Rate Preferred&Income NPFD
33 GF Score
Price $18.57
! 6 Warning Signs
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What is Nuveen Variable Rate Preferred&Income Dividend Payout Ratio?

Nuveen Variable Rate Preferred&Income NPFD +0.27% 33 Dividend Payout Ratio is 0.82 as of Jan. 2026, which is 5% above its 10-year median of 0.78. GuruFocus rates NPFD with a GF Score™ of 33/100. The stock has 6 warning signs investors should review. Among 935 Asset Management companies, Nuveen Variable Rate Preferred&Income ranks worse than 60% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio for the months ended in Jan. 2026 was 0.82.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nuveen Variable Rate Preferred&Income is 0.92, which seems too high.

The historical rank and industry rank for Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio or its related term are showing as below:

NPFD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.78   Max: 1.04
Current: 0.92

During the past 4 years, the highest Dividend Payout Ratio of Nuveen Variable Rate Preferred&Income was 1.04. The lowest was 0.53. And the median was 0.78.

NPFD's Dividend Payout Ratio is ranked worse than
60% of 935 companies
in the Asset Management industry
Industry Median: 0.71 vs NPFD: 0.92

As of today (2026-06-25), the Dividend Yield % of Nuveen Variable Rate Preferred&Income is 10.40%.

During the past 4 years, the highest Trailing Annual Dividend Yield of Nuveen Variable Rate Preferred&Income was 11.27%. The lowest was 4.51%. And the median was 7.49%.

Nuveen Variable Rate Preferred&Income's Dividends per Share for the months ended in Jan. 2026 was $0.97.

During the past 12 months, Nuveen Variable Rate Preferred&Income's average Dividends Per Share Growth Rate was 5.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 29.20% per year.

During the past 4 years, the highest 3-Year average Dividends Per Share Growth Rate of Nuveen Variable Rate Preferred&Income was 29.20% per year. The lowest was 29.20% per year. And the median was 29.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Nuveen Variable Rate Preferred&Income (NYSE:NPFD) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nuveen Variable Rate Preferred&Income Dividend Payout Ratio Related Terms

Nuveen Variable Rate Preferred&Income Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nuveen Variable Rate Preferred&Income Dividend Payout Ratio Chart

Nuveen Variable Rate Preferred&Income Annual Data
Trend Jul22 Jul23 Jul24 Jul25
Dividend Payout Ratio
0.00 0.00 0.53 1.04

Nuveen Variable Rate Preferred&Income Semi-Annual Data
Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only 0.37 0.74 1.04 1.04 0.82

NPFD vs FFA, ETB, KIO: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nuveen Variable Rate Preferred&Income Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio falls into.


NPFD
33GF Score
Nuveen Variable Rate Preferred&Income NPFD
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nuveen Variable Rate Preferred&Income Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio for the fiscal year that ended in Jul. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jul. 2025 )/ EPS without NRI (A: Jul. 2025 )
=2.01/ 1.94
=1.04

Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio for the quarter that ended in Jan. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2026 )/ EPS without NRI (Q: Jan. 2026 )
=0.972/ 1.18
=0.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.82 mean?
Nuveen Variable Rate Preferred&Income (NPFD) has a Dividend Payout Ratio of 0.82 as of Jan. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nuveen Variable Rate Preferred&Income and its competitors. This is near median its historical median of 0.78. Over the past decade, Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio has ranged from 0.53 to 1.04. According to the industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #561 out of 935 companies in the Asset Management industry, placing it in the top 60%.
Is Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio too high?
Nuveen Variable Rate Preferred&Income's current Dividend Payout Ratio of 0.82 is near median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.04. The Asset Management industry median Dividend Payout Ratio is 0.71. Nuveen Variable Rate Preferred&Income's value of 0.82 is 15.5% above this industry median. Based on the distribution chart, Nuveen Variable Rate Preferred&Income ranks #561 out of 935 companies in the Asset Management industry, which is below the industry midpoint. Overall, Nuveen Variable Rate Preferred&Income has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Nuveen Variable Rate Preferred&Income's Dividend Payout Ratio compare to FFA and ETB?
According to the Asset Management industry distribution chart, Nuveen Variable Rate Preferred&Income ranks #561 out of 935 companies for Dividend Payout Ratio. This places Nuveen Variable Rate Preferred&Income in the lower half of its industry. The industry median Dividend Payout Ratio is 0.71. Nuveen Variable Rate Preferred&Income's value of 0.82 is 15.5% above this benchmark. Historically, Nuveen Variable Rate Preferred&Income's own Dividend Payout Ratio has ranged from 0.53 to 1.04 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.71, Nuveen Variable Rate Preferred&Income has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.71, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nuveen Variable Rate Preferred&Income's current Dividend Payout Ratio of 0.82 is 15.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nuveen Variable Rate Preferred&Income and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuveen Variable Rate Preferred&Income's current Dividend Payout Ratio is 0.82, which is near median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuveen Variable Rate Preferred&Income stock overvalued right now?
Nuveen Variable Rate Preferred&Income (NPFD) has a current Dividend Payout Ratio of 0.82. The current Dividend Payout Ratio is 0.82, which is near median its 10-year median of 0.78 and 15.5% above the Asset Management industry median of 0.71. Nuveen Variable Rate Preferred&Income's overall GF Score™ is 33/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Nuveen Variable Rate Preferred&Income (NPFD), the current Dividend Payout Ratio is 0.82 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nuveen Variable Rate Preferred&Income Business Description

Address 333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Variable Rate Preferred&Income is a diversified, closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The fund invests a majority of its assets in variable-rate preferred securities and other variable-rate income-producing securities. The rest of its investments can be made in contingent capital securities or contingent convertible securities, convertible securities, corporate debt securities, U.S. government securities, residential and commercial mortgage-backed securities, fixed-rate preferred securities, senior loans and loan participations and assignments, sovereign debt instruments, debt securities issued by supranational agencies, and/or taxable and tax-exempt municipal bonds.
33GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.57
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