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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Monday, June 24th, Wall Street Journal reports. Investors of record on Tuesday, August 13th will be paid a dividend of 0.136 per share by the investment management company on Friday, August 30th. This represents a $1.63 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Tuesday, August 13th.

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 Trading Down 0.3 %

Shares of RNP stock opened at $21.70 on Monday. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $15.52 and a twelve month high of $22.40. The business’s 50 day moving average is $20.87 and its two-hundred day moving average is $20.46.

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.