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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Friday, December 20th,Wall Street Journal reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.136 per share by the investment management company on Monday, March 31st. This represents a $1.63 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date is Tuesday, March 11th.

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

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP traded up $0.29 during midday trading on Friday, hitting $20.97. 126,385 shares of the company were exchanged, compared to its average volume of 104,503. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $18.77 and a fifty-two week high of $24.41. The company has a fifty day simple moving average of $22.80 and a 200 day simple moving average of $22.24.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.