Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Declares $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. Shareholders of record on Tuesday, June 11th will be given 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 7.88%. The ex-dividend date of this dividend is Tuesday, June 11th.

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

Cohen & Steers REIT and Preferred Income Fund Stock Up 1.2 %

NYSE:RNP traded up $0.24 during mid-day trading on Tuesday, reaching $20.71. The company’s stock had a trading volume of 125,446 shares, compared to its average volume of 115,041. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $15.52 and a 1 year high of $21.27. The stock has a fifty day moving average of $20.34 and a 200-day moving average of $18.96.

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

Several hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 0.9% during the fourth quarter. Harbour Investments Inc. now owns 80,511 shares of the investment management company’s stock valued at $1,623,000 after acquiring an additional 682 shares in the last quarter. Cetera Advisor Networks LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 1.1% during the 4th quarter. Cetera Advisor Networks LLC now owns 68,268 shares of the investment management company’s stock worth $1,376,000 after purchasing an additional 732 shares during the last quarter. Advisory Services Network LLC grew its position in Cohen & Steers REIT and Preferred Income Fund by 4.6% in the 1st quarter. Advisory Services Network LLC now owns 17,668 shares of the investment management company’s stock valued at $475,000 after acquiring an additional 775 shares in the last quarter. Northern Trust Corp grew its position in Cohen & Steers REIT and Preferred Income Fund by 2.5% in the 2nd quarter. Northern Trust Corp now owns 32,698 shares of the investment management company’s stock valued at $621,000 after acquiring an additional 809 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 3.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 41,949 shares of the investment management company’s stock valued at $855,000 after buying an additional 1,342 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.