In a notable performance, Nuveen Floating Rate Income Fund (JFR) stock has reached a 52-week high, trading at $9.16, while offering an impressive 11.16% dividend yield according to InvestingPro data. This peak reflects a significant uptrend in the fund's market position, resonating with investors' growing confidence in its floating rate income strategy amidst a fluctuating interest rate environment. The fund has demonstrated remarkable stability with a beta of 0.57 and has maintained dividend payments for 21 consecutive years. Over the past year, JFR has delivered an impressive 27.55% total return and a strong YTD performance of 23.76%, which underscores the fund's resilience and adaptability to market conditions, further cementing its appeal to income-focused investors. InvestingPro subscribers can access 5 additional key insights about JFR's financial health and market position.
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