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 Tuesday, December 16th. Stockholders of record on Tuesday, January 13th will be given a dividend of 0.136 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Tuesday, January 13th.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE RNP traded up $0.15 on Wednesday, reaching $19.71. The stock had a trading volume of 76,622 shares, compared to its average volume of 107,887. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $19.00 and a 1 year high of $22.99. The business has a 50 day moving average price of $20.83 and a 200 day moving average price of $21.77.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Several institutional investors have recently made changes to their positions in RNP. Global Retirement Partners LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at approximately $38,000. Allworth Financial LP boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 330.7% in the 2nd quarter. Allworth Financial LP now owns 2,214 shares of the investment management company’s stock valued at $50,000 after buying an additional 1,700 shares in the last quarter. Eastern Bank bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at $54,000. CX Institutional acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter worth $68,000. Finally, US Bancorp DE lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 182.1% during the third quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock valued at $80,000 after acquiring an additional 2,296 shares during the period.

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.