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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Tuesday, June 10th will be given a dividend of 0.136 per share by the investment management company on Monday, June 30th. This represents a $1.63 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Tuesday, June 10th.

Cohen & Steers REIT and Preferred Income Fund has raised its dividend by an average of 37.2% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE:RNP traded up $0.14 during mid-day trading on Friday, hitting $21.91. The company’s stock had a trading volume of 86,323 shares, compared to its average volume of 104,918. The stock has a fifty day moving average of $21.76 and a 200-day moving average of $22.26. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $18.77 and a fifty-two week high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.