Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) to Issue Monthly Dividend of $0.14 on September 30th

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Monday, June 24th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis 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 by an average of 13.5% annually over the last three years.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.1 %

RNP stock opened at $23.49 on Friday. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $15.52 and a fifty-two week high of $23.73. The business’s 50 day moving average price is $21.95 and its two-hundred day moving average price is $20.83.

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.