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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Friday, March 28th, Wall Street Journal reports. Investors of record on Tuesday, April 8th will be paid a dividend of 0.136 per share by the investment management company on Wednesday, April 30th. This represents a $1.63 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Tuesday, April 8th.

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

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

NYSE RNP traded up $0.14 during trading on Friday, hitting $21.91. The stock had a trading volume of 86,163 shares, compared to its average volume of 105,264. Cohen & Steers REIT and Preferred Income Fund has a one year low of $18.77 and a one year high of $24.41. The stock has a 50 day simple moving average of $21.74 and a 200 day simple moving average of $22.27.

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.