Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Announces $0.14 Monthly Dividend

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Thursday, June 27th, Wall Street Journal reports. Investors of record on Tuesday, September 10th will be paid a dividend of 0.136 per share by the investment management company on Monday, September 30th. This represents a $1.63 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend is Tuesday, September 10th.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend by an average of 13.5% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of NYSE RNP traded up $0.37 during mid-day trading on Thursday, reaching $20.09. 86,412 shares of the company’s stock were exchanged, compared to its average volume of 109,618. The company’s 50-day moving average is $20.07 and its 200-day moving average is $20.18. Cohen & Steers REIT and Preferred Income Fund has a 52-week low of $15.52 and a 52-week high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.