Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) to Issue Monthly Dividend of $0.14 on July 31st

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Monday, June 24th, Zacks reports. Shareholders of record on Tuesday, July 16th will be given a dividend of 0.136 per share by the investment management company on Wednesday, July 31st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Tuesday, July 16th.

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

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.3 %

Shares of NYSE RNP traded down $0.06 during midday trading on Wednesday, reaching $19.79. The company had a trading volume of 50,079 shares, compared to its average volume of 109,645. The business’s 50-day simple moving average is $20.06 and its 200 day simple moving average is $20.18. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $15.52 and a 1 year 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.