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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) declared a monthly dividend on Thursday, June 27th, Wall Street Journal reports. Shareholders of record on Tuesday, September 10th will be given a dividend of 0.134 per share on Monday, September 30th. This represents a $1.61 annualized dividend and a yield of 8.20%. The ex-dividend date is Tuesday, September 10th.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 1.1 %

Shares of NYSE:PTA traded up $0.21 on Thursday, hitting $19.60. 108,561 shares of the company’s stock were exchanged, compared to its average volume of 132,175. 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. The business’s 50 day simple moving average is $19.21 and its two-hundred day simple moving average is $18.92.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

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.