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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a dividend on Monday, January 13th,investing.com reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.136 per share by the investment management company on Friday, January 31st. This represents a yield of 8.01%. The ex-dividend date of this dividend is Tuesday, January 14th. This is a positive change from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend payment by an average of 38.1% annually over the last three years.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of RNP traded up $0.06 during mid-day trading on Monday, reaching $20.35. The company’s stock had a trading volume of 158,125 shares, compared to its average volume of 160,532. The business has a 50-day simple moving average of $22.00 and a two-hundred day simple moving average of $22.36. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $18.77 and a 1-year high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.