Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) to Issue Monthly Dividend of $0.13

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) announced a monthly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, October 13th will be paid a dividend of 0.126 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, October 13th.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of NYSE PSF traded down $0.17 during mid-day trading on Wednesday, reaching $18.64. 1,176 shares of the company were exchanged, compared to its average volume of 40,019. Cohen & Steers Select Preferred and Income Fund has a 52 week low of $18.48 and a 52 week high of $21.20. The company’s 50 day moving average price is $19.35 and its 200 day moving average price is $19.60.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new stake in Cohen & Steers Select Preferred and Income Fund in the second quarter valued at approximately $27,000. Pettinga Financial Advisors LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 101.2% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after acquiring an additional 40,612 shares during the last quarter. Noble Wealth Management PBC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 16.4% in the second quarter. Noble Wealth Management PBC now owns 20,055 shares of the company’s stock valued at $404,000 after acquiring an additional 2,825 shares during the period. Readystate Asset Management LP bought a new position in shares of Cohen & Steers Select Preferred and Income Fund during the first quarter valued at about $262,000. Finally, Royal Bank of Canada grew its stake in shares of Cohen & Steers Select Preferred and Income Fund by 25.1% in the first quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock worth $1,449,000 after purchasing an additional 15,019 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end investment fund managed by Cohen & Steers Capital Management, Inc The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in preferred securities and other income-producing investments. Its portfolio may include securities issued by companies in a range of industries and geographic markets, providing exposure to income-oriented assets across the United States and international markets.

Cohen & Steers, which specializes in real assets and income-oriented investments, oversees the fund’s portfolio management and investment strategy.