Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) to Issue $0.13 Monthly Dividend

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) announced a monthly dividend on Monday, September 30th,Wall Street Journal reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.134 per share on Friday, November 29th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Tuesday, November 12th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has increased its dividend by an average of 131.3% per year over the last three years.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Down 0.7 %

NYSE PTA traded down $0.15 during mid-day trading on Monday, reaching $20.51. 89,839 shares of the stock were exchanged, compared to its average volume of 119,575. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $17.20 and a 1-year high of $21.28. The business’s fifty day simple moving average is $20.68 and its 200 day simple moving average is $19.99.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.