profit from every $100 of sales.
$0$100
Nuveen Variable Rate Preferred & Income Fund
$16.81-1.29% today
-15.1% in 1 year
1-year low $16.581-year high $19.79
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average.
0%20% a year
You pay $6.21 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Nuveen Variable Rate Preferred & Income Fund sold, what it kept, and what it did with the cash.
Sales went from -$75.1 million in 2022 to $66.8 million in 2024, with $65.4 million of profit last year.
SalesProfit
Nuveen Variable Rate Preferred & Income Fund handed back more cash to shareholders than it generated last year.
$31M
Free cash flow 2024$15M
Bought back its own shares$0
Paid as dividends$31M
Cash vs. debt$100,436 vs. $195M
Nuveen Variable Rate Preferred & Income Fund vs. similar companies
Nuveen Variable Rate Preferred & Income Fund grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Nuveen Variable Rate Preferred & Income Fund | 6.2× · Cheap | ||
 PIMCO Dynamic Income Fund | 8.7× · Cheap | ||
 Reaves Utility Income Fund | 4.1× · Cheap | ||
 Nuveen AMT-Free Quality Municipal Income Fund | 38.0× · Expensive | ||
 Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 7.0× · Cheap |
AI analysis
An AI analyst reads Nuveen Variable Rate Preferred & Income Fund's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 |
|---|---|---|---|
| -75 | -23 | 67 | |
| – | – | – | |
| – | – | – | |
| – | – | – | |
| -75 | -25 | 65 | |
| -3.11 | -1.02 | 2.71 | |
| – | – | – | |
| – | – | – | |
| 100.3% | 104.9% | 97.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total assets | 807 | 721 | 774 |
| Cash | 0 | 0 | 0 |
| Total debt | 292 | 179 | 195 |
| Total liabilities | 299 | 267 | 287 |
| 509 | 454 | 486 | |
| 24 | 24 | 24 | |
| – | – | – | |
| -14.8% | -5.4% | 13.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 |
|---|---|---|---|
| -879 | 60 | 15 | |
| – | – | – | |
| -879 | 60 | 15 | |
| Dividends paid | 17 | 32 | 31 |
| – | – | 0 | |
| – | – | – |
Valuation
- 6.2×
- –
- –
- 1.0×
- 6.1×
- 27.7×
- –
- 3.6%
- 16.1%
- 10.1%
Profitability
- 100.0%
- 82.0%
- 97.8%
- 0.0%
- 5.6%
- 0.6%
- 9.6%
- 6.1%
- 5.6%
- –
Growth
- +29.3%
- –
- +272.5%
- –
- –
Financial health
- 0.0×
- 0.39
- 24.6%
- –
- –
- –
- 0.06
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 44%of 749
Top 6%of 604
Top 9%of 872
Top 17%of 883
Bottom 45%of 931
10.1%of the share price, paid each year
On $1,000 invested$101a year at today's yield, before tax
–per share
Raised2 yearsin a row, in our data
Paid per share, each year
$1.46 in 2022 → $2.00 in 2025
How safe it looks
46.8% of its profit
Room to growStretchedMore than it earns: 208.5%
News
SPDR Nuveen Barclays Short Term Municipal Bond ETF declares monthly distribution of $0.1082Seeking Alpha · Nov 2, 2026Nuveen Core Plus Impact Fund declares $0.0895 dividendSeeking Alpha · Oct 6, 2026Nuveen Real Asset Income and Growth Fund declares $0.1335 dividendSeeking Alpha · Oct 6, 2026Nuveen New York AMT-Free Quality Municipal Income Fund declares $0.0655 dividendSeeking Alpha · Oct 6, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
62Pass
Benjamin Graham
69Pass
Philip Fisher
86Pass
Peter Lynch
100Pass
Joel Greenblatt
40No pass
Charlie Munger
70Pass
Terry Smith
71Pass
Questions about Nuveen Variable Rate Preferred & Income Fund
Is Nuveen Variable Rate Preferred & Income Fund a good stock to buy?
A strong, very profitable business, and the price looks low. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Nuveen Variable Rate Preferred & Income Fund AI analysis
What does Nuveen Variable Rate Preferred & Income Fund do?
Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois. It is in Asset Management - Income.
Does Nuveen Variable Rate Preferred & Income Fund pay a dividend?
Yes. At today's price the dividend is 10.1% a year, about 47% of its yearly profit. In 2024 it paid out $30.6 million in dividends.
Is Nuveen Variable Rate Preferred & Income Fund stock halal?
No. Nuveen Variable Rate Preferred & Income Fund does not pass our halal screen: its main business, interest-based asset management, is not permitted. How we check
How has Nuveen Variable Rate Preferred & Income Fund stock done over the past year?
Down 15.1% over the past twelve months, to $16.81. It traded between $16.58 and $19.79 and is 15.1% below its high.
Who are Nuveen Variable Rate Preferred & Income Fund's competitors?
The largest listed companies in the same industry are PIMCO Dynamic Income Fund, Reaves Utility Income Fund, Nuveen AMT-Free Quality Municipal Income Fund and Eaton Vance Tax-Managed Global Diversified Equity Income Fund. The peers table on this page compares their profit, growth and price with Nuveen Variable Rate Preferred & Income Fund's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.