Cohen & Steers Select Preferred and Income Fund, Inc. (PSF) To Go Ex-Dividend on January 13th

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) declared a monthly dividend on Tuesday, December 16th. Shareholders of record on Tuesday, January 13th will be paid a dividend of 0.126 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Tuesday, January 13th.

Cohen & Steers Select Preferred and Income Fund Stock Performance

PSF opened at $20.41 on Friday. The company’s 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $20.49. Cohen & Steers Select Preferred and Income Fund has a 52-week low of $17.93 and a 52-week high of $21.20.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Cohen & Steers Select Preferred and Income Fund by 12.6% during the 1st quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock valued at $1,409,000 after buying an additional 7,895 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Cohen & Steers Select Preferred and Income Fund in the 2nd quarter worth $66,000. Farther Finance Advisors LLC grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 32.0% in the second quarter. Farther Finance Advisors LLC now owns 2,501 shares of the company’s stock worth $50,000 after acquiring an additional 606 shares during the period. Arlington Capital Management Inc. bought a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the second quarter worth $216,000. Finally, Harbour Investments Inc. increased its position in Cohen & Steers Select Preferred and Income Fund by 11.1% during the second quarter. Harbour Investments Inc. now owns 46,854 shares of the company’s stock valued at $944,000 after acquiring an additional 4,700 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.