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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTAGet Free Report) declared a monthly dividend on Tuesday, December 12th, Wall Street Journal reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.134 per share on Thursday, February 29th. This represents a $1.61 annualized dividend and a yield of 8.49%. The ex-dividend date is Tuesday, February 13th.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

NYSE:PTA opened at $18.94 on Monday. The firm has a 50 day simple moving average of $18.35 and a 200-day simple moving average of $17.88. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $15.84 and a 1-year high of $20.25.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 5.0% during the 3rd quarter. Royal Bank of Canada now owns 525,974 shares of the company’s stock valued at $9,188,000 after acquiring an additional 25,075 shares in the last quarter. Comerica Bank acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter valued at about $328,000. Envestnet Asset Management Inc. purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 3rd quarter valued at about $326,000. Stifel Financial Corp lifted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 13.4% during the 2nd quarter. Stifel Financial Corp now owns 129,642 shares of the company’s stock worth $2,260,000 after acquiring an additional 15,269 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter worth approximately $241,000.

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

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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.

See Also

Dividend History for Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA)

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