Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) To Go Ex-Dividend on June 11th

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) declared a monthly dividend on Tuesday, March 26th, Wall Street Journal reports. Investors of record on Tuesday, June 11th will be paid a dividend of 0.126 per share on Friday, June 28th. This represents a $1.51 annualized dividend and a yield of 7.60%. The ex-dividend date is Tuesday, June 11th.

Cohen & Steers Select Preferred and Income Fund has decreased its dividend by an average of 7.4% per year over the last three years.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of PSF stock opened at $19.90 on Thursday. Cohen & Steers Select Preferred and Income Fund has a 52-week low of $16.00 and a 52-week high of $20.19. The stock’s 50-day moving average price is $19.56 and its 200 day moving average price is $18.84.

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

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in Cohen & Steers Select Preferred and Income Fund by 16.0% during the 2nd quarter. NewEdge Advisors LLC now owns 15,996 shares of the company’s stock worth $326,000 after purchasing an additional 2,212 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 15.6% during the 4th quarter. Cetera Advisor Networks LLC now owns 16,506 shares of the company’s stock worth $309,000 after acquiring an additional 2,222 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 1st quarter worth approximately $307,000. Arlington Capital Management Inc. purchased a new stake in shares of Cohen & Steers Select Preferred and Income Fund during the 1st quarter worth approximately $261,000. Finally, Wells Fargo & Company MN lifted its stake in Cohen & Steers Select Preferred and Income Fund by 31.3% in the 4th quarter. Wells Fargo & Company MN now owns 12,488 shares of the company’s stock valued at $234,000 after buying an additional 2,975 shares in the last quarter.

About Cohen & Steers Select Preferred and Income Fund

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.