Cohen & Steers REIT/Pfd Inc Fd Declares Monthly Dividend of $0.12 (RNP)

Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) announced a monthly dividend on Wednesday, December 20th, Zacks reports. Stockholders of record on Wednesday, January 17th will be paid a dividend of 0.124 per share by the investment management company on Wednesday, January 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date is Tuesday, January 16th.

Cohen & Steers REIT/Pfd Inc Fd has raised its dividend by an average of 4.9% annually over the last three years.

Shares of Cohen & Steers REIT/Pfd Inc Fd (RNP) traded down $0.87 during midday trading on Thursday, hitting $20.12. 628,300 shares of the stock were exchanged, compared to its average volume of 191,000. Cohen & Steers REIT/Pfd Inc Fd has a twelve month low of $18.84 and a twelve month high of $21.98.

In related news, Director Nolan Allan Watson purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average price of $1.01 per share, with a total value of $101,000.00.

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About Cohen & Steers REIT/Pfd Inc Fd

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.

Dividend History for Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP)

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