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.
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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.
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