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

by · The Cerbat Gem

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Get Free Report) announced a monthly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, December 8th will be given a dividend of 0.136 per share by the investment management company on Thursday, December 31st. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Tuesday, December 8th.

Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP stock traded down $0.08 during midday trading on Wednesday, hitting $19.35. 9,317 shares of the company’s stock were exchanged, compared to its average volume of 120,289. The firm has a 50 day moving average price of $20.25 and a 200-day moving average price of $20.48. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $19.26 and a 12-month high of $22.58.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at $44,000. Keating Financial Advisory Services Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth $77,000. Ameritas Advisory Services LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter worth about $218,000. one8zero8 LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter worth about $223,000. Finally, NWF Advisory Services Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at about $233,000.

About Cohen & Steers REIT and Preferred Income Fund

(Get Free Report)

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.

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