Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) To Go Ex-Dividend on June 11th

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) declared a monthly dividend on Tuesday, March 26th, Wall Street Journal reports. Stockholders of record on Tuesday, June 11th will be given a dividend of 0.134 per share on Friday, June 28th. This represents a $1.61 annualized dividend and a dividend yield of 8.28%. The ex-dividend date of this dividend is Tuesday, June 11th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has increased its dividend by an average of 131.3% annually over the last three years.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.5 %

Shares of PTA opened at $19.43 on Thursday. The firm has a 50-day moving average price of $18.96 and a 200 day moving average price of $18.15. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 52-week low of $15.84 and a 52-week high of $19.67.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 37.5% during the 4th quarter. Royal Bank of Canada now owns 723,318 shares of the company’s stock valued at $13,027,000 after purchasing an additional 197,344 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 4th quarter valued at about $325,000. Oppenheimer & Co. Inc. boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 32.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,064 shares of the company’s stock valued at $830,000 after purchasing an additional 11,156 shares in the last quarter. Comerica Bank bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 3rd quarter valued at about $328,000. Finally, Invesco Ltd. lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 16.8% during the third quarter. Invesco Ltd. now owns 54,948 shares of the company’s stock valued at $960,000 after buying an additional 7,903 shares in the last quarter.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.