Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) to Issue Monthly Dividend of $0.14 on January 31st

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Wednesday, December 18th,NASDAQ Dividends reports. Investors of record on Tuesday, January 14th will be paid a dividend of 0.136 per share by the investment management company on Friday, January 31st. This represents a $1.63 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date is Tuesday, January 14th. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous monthly dividend of $0.12.

Cohen & Steers REIT and Preferred Income Fund has raised its dividend by an average of 38.1% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Down 1.4 %

Shares of RNP opened at $20.33 on Friday. The firm’s fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $22.34. Cohen & Steers REIT and Preferred Income Fund has a 12 month low of $18.77 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.