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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Monday, June 22nd. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.136 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, August 11th.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of RNP stock opened at $20.07 on Tuesday. The company’s 50-day simple moving average is $20.74 and its two-hundred day simple moving average is $20.52. Cohen & Steers REIT and Preferred Income Fund has a one year low of $19.27 and a one year high of $22.99.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.