Gold prices just lower; monthly gains on track
In a robust trading session, Nuveen Variable Rate Preferred (NPFD) stock soared to a 52-week high, reaching a price level of $19.16. This milestone reflects a significant uptrend in the company's stock value, marking a substantial turnaround from its previous positions within the year. Investors have shown increased confidence in NPFD, as evidenced by the impressive 1-year change data, which indicates a 21.88% gain. This surge in stock price is a positive indicator for shareholders and suggests a strong performance by the company in the current financial climate.
InvestingPro Insights
Nuveen Variable Rate Preferred (NPFD) continues to demonstrate strong market performance, as reflected in its recent stock price movements. According to InvestingPro data, NPFD is currently trading at 98.85% of its 52-week high, confirming the article's observation of the stock reaching new heights. This upward trajectory is further supported by the impressive year-to-date price total return of 24.95%, outpacing the 21.88% gain mentioned in the article.
Investors may find NPFD particularly attractive due to its significant dividend yield, which currently stands at 10.61%. This aligns with an InvestingPro Tip highlighting that the company "pays a significant dividend to shareholders." Additionally, the stock's low price volatility, as noted by another InvestingPro Tip, may appeal to investors seeking stability in their portfolio.
It's worth noting that NPFD has a market capitalization of $457.67 million, placing it in the small-cap category. This size can offer growth potential but may also come with increased risk compared to larger, more established companies.
For readers interested in a more comprehensive analysis, InvestingPro offers additional tips and insights that could provide a fuller picture of NPFD's investment potential.
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