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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Monday, September 30th, Zacks reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.136 per share by the investment management company on Thursday, October 31st. This represents a $1.63 annualized dividend and a yield of 6.97%. The ex-dividend date is Tuesday, October 15th.

Cohen & Steers REIT and Preferred Income Fund has raised 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

Cohen & Steers REIT and Preferred Income Fund stock opened at $23.42 on Wednesday. The business’s fifty day moving average is $22.78 and its two-hundred day moving average is $21.18. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $15.52 and a 52 week 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.