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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be paid a dividend of 0.136 per share by the investment management company on Monday, March 31st. This represents a $1.63 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Tuesday, March 11th.

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

Cohen & Steers REIT and Preferred Income Fund Price Performance

Cohen & Steers REIT and Preferred Income Fund stock opened at $20.97 on Monday. The firm has a 50 day simple moving average of $22.75 and a 200-day simple moving average of $22.27. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $18.77 and a 1-year high of $24.41.

About Cohen & Steers REIT and Preferred Income Fund

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.