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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, December 8th will be given a dividend of 0.136 per share by the investment management company on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, December 8th.

Cohen & Steers REIT and Preferred Income Fund Stock Down 0.6%

Shares of RNP stock traded down $0.12 on Wednesday, hitting $19.31. 17,243 shares of the stock traded hands, compared to its average volume of 120,305. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $19.26 and a 52 week high of $22.58. The firm has a 50 day simple moving average of $20.25 and a two-hundred day simple moving average of $20.48.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

RNP invests primarily in real estate investment trusts (REITs) and preferred securities. Its portfolio may include common and preferred securities issued by companies involved in commercial, residential, health care, industrial, retail, and other areas of the real estate industry, along with preferred stocks and other income-producing securities.

The fund was established in 2003 and is designed to provide investors with diversified exposure to real estate and preferred-income markets through a professionally managed portfolio.