Cohen & Steers Select Preferred and Income Fund, Inc. to Issue Monthly Dividend of $0.13 (NYSE:PSF)

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) announced a monthly dividend on Tuesday, March 24th. Stockholders of record on Tuesday, May 12th will be paid a dividend of 0.126 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, May 12th.

Cohen & Steers Select Preferred and Income Fund Price Performance

PSF opened at $19.39 on Wednesday. The firm has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $20.46. Cohen & Steers Select Preferred and Income Fund has a fifty-two week low of $17.93 and a fifty-two week high of $21.20.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameriflex Group Inc. acquired a new position in shares of Cohen & Steers Select Preferred and Income Fund in the 3rd quarter valued at $152,000. US Bancorp DE boosted its position in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% in the 3rd quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after purchasing an additional 4,911 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% during the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock worth $219,000 after purchasing an additional 543 shares during the period. Arlington Capital Management Inc. grew its stake in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% during the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after purchasing an additional 703 shares during the period. Finally, Comerica Bank increased its holdings in Cohen & Steers Select Preferred and Income Fund by 70.0% in the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after purchasing an additional 5,033 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.