Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) declared a monthly dividend on Friday, September 29th, Wall Street Journal reports. Stockholders of record on Wednesday, October 18th will be given a dividend of 0.124 per share by the investment management company on Tuesday, October 31st. This represents a $1.49 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Tuesday, October 17th.
Cohen & Steers REIT/Pfd Inc Fd has raised its dividend payment by an average of 7.3% annually over the last three years.
Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) opened at 21.80 on Thursday. The stock’s 50 day moving average price is $21.16 and its 200 day moving average price is $20.57. Cohen & Steers REIT/Pfd Inc Fd has a 12-month low of $17.91 and a 12-month high of $21.80.
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Cohen & Steers REIT and Preferred Income Fund, Inc (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation.
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