Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) to Issue — Dividend of $0.14 on June 30th

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a — dividend on Monday, March 31st, Wall Street Journal reports. Shareholders of record on Tuesday, June 10th will be given a dividend of 0.136 per share by the investment management company on Monday, June 30th. This represents a yield of 7.5%. The ex-dividend date is Tuesday, June 10th.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.7%

RNP stock opened at $21.97 on Friday. The business’s fifty day moving average price is $21.13 and its two-hundred day moving average price is $21.51. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $19.00 and a fifty-two week high of $24.41.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

An institutional investor recently raised its position in Cohen & Steers REIT and Preferred Income Fund stock. Focus Partners Wealth lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 414.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,182 shares of the investment management company’s stock after purchasing an additional 16,260 shares during the quarter. Focus Partners Wealth’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $445,000 as of its most recent SEC filing.

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.