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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a dividend on Monday, January 13th,investing.com reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.136 per share by the investment management company on Friday, January 31st. This represents a yield of 8.01%. The ex-dividend date of this dividend is Tuesday, January 14th. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend payment by an average of 38.1% annually over the last three years.

Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP stock opened at $20.35 on Tuesday. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $18.77 and a twelve month high of $24.41. The business’s fifty day moving average is $22.00 and its 200-day moving average is $22.36.

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.