Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) to Issue Monthly Dividend of $0.13

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) declared a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Investors of record on Tuesday, March 11th will be given a dividend of 0.134 per share on Monday, March 31st. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date is Tuesday, March 11th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has raised its dividend payment by an average of 131.3% annually over the last three years.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

Shares of NYSE PTA opened at $19.25 on Wednesday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1 year low of $17.88 and a 1 year high of $21.28. The firm has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $20.14.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.