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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, June 10th will be paid a dividend of 0.136 per share by the investment management company on Monday, June 30th. This represents a $1.63 annualized dividend and a dividend yield of 7.45%. The ex-dividend date is Tuesday, June 10th.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend payment by an average of 37.2% annually over the last three years.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.6 %

RNP stock traded up $0.14 during midday trading on Friday, reaching $21.91. 86,323 shares of the company’s stock traded hands, compared to its average volume of 104,918. The company has a 50-day simple moving average of $21.76 and a two-hundred day simple moving average of $22.26. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $18.77 and a 1-year 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.