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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Monday, September 30th,Wall Street Journal reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.136 per share by the investment management company on Friday, November 29th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Tuesday, November 12th.

Cohen & Steers REIT and Preferred Income Fund has raised its dividend by an average of 13.5% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock traded down $0.32 during trading on Monday, hitting $23.13. 102,494 shares of the stock were exchanged, compared to its average volume of 105,102. The firm’s 50-day moving average price is $23.40 and its 200 day moving average price is $21.79. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $16.79 and a 12-month high of $24.41.

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.