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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Thursday, June 26th, Wall Street Journal reports. Shareholders of record on Tuesday, September 9th will be paid a dividend of 0.136 per share by the investment management company on Tuesday, September 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Tuesday, September 9th.

Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP stock opened at $22.31 on Thursday. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $19.00 and a 52 week high of $24.41. The firm has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $21.44.

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

A hedge fund recently raised its stake in Cohen & Steers REIT and Preferred Income Fund stock. Focus Partners Wealth raised its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 414.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,182 shares of the investment management company’s stock after purchasing an additional 16,260 shares during the quarter. Focus Partners Wealth’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $445,000 as of its most recent SEC filing.

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.