Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Plans $0.14 Monthly Dividend

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Tuesday, March 26th, Wall Street Journal reports. Investors of record on Tuesday, June 11th will be paid a dividend of 0.136 per share by the investment management company on Friday, June 28th. This represents a $1.63 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund has increased its dividend by an average of 3.1% per year over the last three years.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.4 %

Shares of RNP opened at $20.79 on Thursday. The firm has a fifty day simple moving average of $20.37 and a two-hundred day simple moving average of $18.98. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $15.52 and a 1-year high of $21.27.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oarsman Capital Inc. bought a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth $484,000. Harbour Investments Inc. boosted its holdings in Cohen & Steers REIT and Preferred Income Fund by 0.9% in the 4th quarter. Harbour Investments Inc. now owns 80,511 shares of the investment management company’s stock worth $1,623,000 after buying an additional 682 shares during the period. Comerica Bank boosted its holdings in Cohen & Steers REIT and Preferred Income Fund by 46.3% in the 4th quarter. Comerica Bank now owns 6,318 shares of the investment management company’s stock worth $127,000 after buying an additional 2,000 shares during the period. MGO One Seven LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth $705,000. Finally, Cetera Advisor Networks LLC boosted its holdings in Cohen & Steers REIT and Preferred Income Fund by 1.1% in the 4th quarter. Cetera Advisor Networks LLC now owns 68,268 shares of the investment management company’s stock worth $1,376,000 after buying an additional 732 shares during the period.

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.