Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Announces Dividend Increase – $0.14 Per Share

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 given 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 dividend 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 increased its dividend by an average of 38.1% per year over the last three years.

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

NYSE:RNP opened at $20.33 on Friday. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $18.77 and a 52 week high of $24.41. The firm has a 50-day moving average price of $22.00 and a two-hundred day moving average price of $22.34.

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.