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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.136 per share by the investment management company on Friday, November 29th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend is Tuesday, November 12th.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend payment by an average of 13.5% per year over the last three years.

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

Shares of Cohen & Steers REIT and Preferred Income Fund stock traded down $0.13 during midday trading on Wednesday, hitting $23.29. The company had a trading volume of 68,419 shares, compared to its average volume of 106,441. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $15.52 and a 1-year high of $24.41. The business’s 50 day simple moving average is $22.78 and its two-hundred day simple moving average is $21.18.

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.