Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) to Issue Monthly Dividend of $0.13 on June 30th

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) declared a monthly dividend on Friday, March 28th, Wall Street Journal reports. Investors of record on Tuesday, June 10th will be given a dividend of 0.134 per share on Monday, June 30th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date is Tuesday, June 10th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has raised its dividend by an average of 0.7% annually over the last three years.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.5%

NYSE PTA opened at $19.77 on Friday. The firm’s fifty day moving average price is $18.92 and its 200 day moving average price is $19.43. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12 month low of $17.40 and a 12 month high of $21.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund stock. NewEdge Advisors LLC lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,811 shares of the company’s stock after buying an additional 1,277 shares during the period. NewEdge Advisors LLC’s holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund were worth $463,000 at the end of the most recent quarter.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.