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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Tuesday, March 24th. Shareholders of record on Tuesday, April 14th will be paid a dividend of 0.136 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, April 14th.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE:RNP opened at $19.57 on Wednesday. The stock’s 50-day moving average price is $20.82 and its two-hundred day moving average price is $20.92. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $19.00 and a 12-month high of $22.99.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.