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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.136 per share by the investment management company on Wednesday, April 30th. This represents a $1.63 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Tuesday, April 8th.

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

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP stock traded up $0.14 during trading hours on Friday, reaching $21.91. 86,163 shares of the company’s stock were exchanged, compared to its average volume of 105,264. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $18.77 and a 1 year high of $24.41. The stock’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $22.27.

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.