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) announced a monthly dividend on Monday, June 24th, Wall Street Journal reports. Investors of record on Tuesday, September 10th will be given a dividend of 0.136 per share by the investment management company on Monday, September 30th. This represents a $1.63 annualized dividend and a dividend yield of 6.95%. The ex-dividend date is Tuesday, September 10th.

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

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Cohen & Steers REIT and Preferred Income Fund stock opened at $23.49 on Friday. The stock’s 50 day moving average is $21.95 and its 200 day moving average is $20.83. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $15.52 and a twelve month high of $23.73.

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.