Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) to Issue Monthly Dividend of $0.14 on June 28th

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Tuesday, March 26th, Wall Street Journal reports. Shareholders of record on Tuesday, June 11th will be paid a dividend of 0.136 per share by the investment management company on Friday, June 28th. This represents a $1.63 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund has raised its dividend by an average of 3.1% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.4 %

Shares of RNP opened at $20.79 on Thursday. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $15.52 and a 12-month high of $21.27. The business has a 50-day simple moving average of $20.37 and a two-hundred day simple moving average of $18.98.

Hedge Funds Weigh In On Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of RNP. Comerica Bank bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at about $74,000. JPMorgan Chase & Co. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at about $96,000. Stifel Financial Corp bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $204,000. US Bancorp DE grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 695.5% in the 4th quarter. US Bancorp DE now owns 13,039 shares of the investment management company’s stock valued at $263,000 after buying an additional 11,400 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 14,150 shares of the investment management company’s stock valued at $274,000 after buying an additional 1,549 shares during the last quarter.

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.