Cohen & Steers Select Preferred and Income Fund, Inc. to Issue Monthly Dividend of $0.13 (NYSE:PSF)

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) declared a monthly dividend on Tuesday, September 23rd. Investors of record on Tuesday, October 14th will be given a dividend of 0.126 per share on Friday, October 31st. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, October 14th.

Cohen & Steers Select Preferred and Income Fund Price Performance

Cohen & Steers Select Preferred and Income Fund stock opened at $21.03 on Wednesday. The company’s 50 day simple moving average is $20.50 and its 200 day simple moving average is $19.90. Cohen & Steers Select Preferred and Income Fund has a fifty-two week low of $17.93 and a fifty-two week high of $21.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC boosted its stake in Cohen & Steers Select Preferred and Income Fund by 18.0% during the 2nd quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock worth $5,914,000 after acquiring an additional 44,708 shares during the last quarter. Invesco Ltd. lifted its stake in Cohen & Steers Select Preferred and Income Fund by 9.1% in the second quarter. Invesco Ltd. now owns 190,660 shares of the company’s stock valued at $3,840,000 after buying an additional 15,851 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Cohen & Steers Select Preferred and Income Fund by 1.8% in the second quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock valued at $2,952,000 after buying an additional 2,591 shares in the last quarter. Smith Asset Management Co. LLC bought a new position in Cohen & Steers Select Preferred and Income Fund in the first quarter valued at approximately $2,746,000. Finally, Shaker Financial Services LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 29.6% in the second quarter. Shaker Financial Services LLC now owns 87,569 shares of the company’s stock valued at $1,764,000 after buying an additional 20,026 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.