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) declared a monthly dividend on Thursday, October 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, December 10th will be paid a dividend of 0.136 per share by the investment management company on Tuesday, December 31st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Tuesday, December 10th.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend payment by an average of 13.5% annually over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.9 %

Shares of NYSE:RNP opened at $23.10 on Friday. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $15.52 and a 12-month high of $24.41. The business has a fifty day simple moving average of $22.85 and a 200 day simple moving average of $21.20.

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.