Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Declares $0.13 Monthly Dividend

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) announced a monthly dividend on Monday, June 24th, Zacks reports. Investors of record on Tuesday, July 16th will be paid a dividend of 0.134 per share on Wednesday, July 31st. This represents a $1.61 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend is Tuesday, July 16th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has increased its dividend by an average of 131.3% per year over the last three years.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

NYSE PTA traded up $0.04 on Wednesday, hitting $19.40. The company had a trading volume of 50,628 shares, compared to its average volume of 132,113. The company’s fifty day moving average price is $19.19 and its 200-day moving average price is $18.91. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12-month low of $16.48 and a 12-month high of $19.80.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.