Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Declares Dividend Increase – $0.14 Per Share

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a dividend on Monday, January 13th,investing.com reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.136 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 8.01%. The ex-dividend date is Tuesday, January 14th. This is a boost from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend by an average of 38.1% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.3 %

Shares of RNP stock traded up $0.06 during midday trading on Monday, reaching $20.35. 158,125 shares of the stock were exchanged, compared to its average volume of 160,532. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $18.77 and a 1 year high of $24.41. The company’s 50 day moving average is $22.00 and its two-hundred day moving average is $22.36.

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.