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, September 22nd. Investors of record on Tuesday, October 13th will be given a dividend of 0.136 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, October 13th.

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

Shares of NYSE:RNP traded down $0.12 during trading on Wednesday, hitting $19.31. 5,906 shares of the company were exchanged, compared to its average volume of 120,283. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $19.27 and a fifty-two week high of $22.58. The firm has a fifty day moving average price of $20.25 and a two-hundred day moving average price of $20.48.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 9.4% in the 1st quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock valued at $11,872,000 after purchasing an additional 51,660 shares during the period. XML Financial LLC boosted its holdings in Cohen & Steers REIT and Preferred Income Fund by 6.7% in the 2nd quarter. XML Financial LLC now owns 598,747 shares of the investment management company’s stock valued at $12,155,000 after purchasing an additional 37,672 shares during the period. Royal Bank of Canada grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 2.4% during the 1st quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock worth $6,189,000 after purchasing an additional 7,430 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the second quarter worth approximately $2,921,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 809.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock valued at $2,725,000 after buying an additional 122,129 shares in the last quarter.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

RNP invests primarily in real estate investment trusts (REITs) and preferred securities. Its portfolio may include common and preferred securities issued by companies involved in commercial, residential, health care, industrial, retail, and other areas of the real estate industry, along with preferred stocks and other income-producing securities.

The fund was established in 2003 and is designed to provide investors with diversified exposure to real estate and preferred-income markets through a professionally managed portfolio.