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

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Tuesday, March 24th. Investors of record on Tuesday, May 12th will be given a dividend of 0.136 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, May 12th.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP opened at $19.57 on Wednesday. The business’s 50 day moving average is $20.82 and its 200 day moving average is $20.92. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $19.00 and a 12-month high of $22.99.

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

Several institutional investors and hedge funds have recently modified their holdings of RNP. Heritage Wealth Advisors bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $35,000. Global Retirement Partners LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth $38,000. Eastern Bank purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at $54,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $59,000. Finally, CX Institutional bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at $68,000.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.