Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) announced a monthly dividend on Friday, September 29th, Wall Street Journal reports. Stockholders of record on Wednesday, December 20th will be paid a dividend of 0.124 per share by the investment management company on Friday, December 29th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date is Tuesday, December 19th.

Cohen & Steers REIT/Pfd Inc Fd has increased its dividend payment by an average of 7.3% per year over the last three years.

Shares of Cohen & Steers REIT/Pfd Inc Fd (RNP) opened at $20.94 on Monday. Cohen & Steers REIT/Pfd Inc Fd has a one year low of $18.57 and a one year high of $21.98.

In related news, Director Nolan Allan Watson purchased 100,000 shares of Cohen & Steers REIT/Pfd Inc Fd stock in a transaction dated Tuesday, December 5th. The stock was bought at an average cost of $1.01 per share, with a total value of $101,000.00. Over the last ninety days, insiders bought 427,000 shares of company stock valued at $143,510.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/12/18/cohen-steers-reitpfd-inc-fd-rnp-to-issue-monthly-dividend-of-0-12-on-december-29th.html.

About Cohen & Steers REIT/Pfd Inc Fd

Cohen & Steers REIT and Preferred Income Fund, Inc (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation.

Dividend History for Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP)

Receive News & Ratings for Cohen & Steers REIT/Pfd Inc Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers REIT/Pfd Inc Fd and related companies with MarketBeat.com's FREE daily email newsletter.