Cohen & Steers REIT/Pfd Inc Fd (RNP) to Issue Monthly Dividend of $0.12 on December 29th
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.
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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.
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