In a remarkable display of resilience, Nuveen Variable Rate Preferred (NPFD) stock has soared to a 52-week high, reaching a price level of $19.38, while maintaining an attractive dividend yield of 10.42%. According to InvestingPro data, the stock demonstrates relatively low volatility with a beta of 0.76. This peak reflects a significant turnaround for the stock, with InvestingPro data showing an impressive YTD return of 29.56%. Investors have shown increased confidence in NPFD, propelling the stock to this new high, with a P/E ratio of 7.08. The surge to the 52-week high underscores the positive sentiment surrounding NPFD's prospects and the broader market's recovery. InvestingPro subscribers have access to 6 additional key insights about NPFD's valuation and financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.