Cohen & Steers Select Preferred and Income Fund, Inc. Plans Monthly Dividend of $0.13 (NYSE:PSF)

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) declared a monthly dividend on Tuesday, March 24th. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.126 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, June 9th.

Cohen & Steers Select Preferred and Income Fund Stock Performance

NYSE PSF traded up $0.14 on Wednesday, reaching $19.50. The stock had a trading volume of 1,172 shares, compared to its average volume of 34,954. The firm has a fifty day moving average of $20.24 and a two-hundred day moving average of $20.46. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $17.93 and a 1-year high of $21.20.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of hedge funds have recently bought and sold shares of PSF. Ameriflex Group Inc. acquired a new stake in Cohen & Steers Select Preferred and Income Fund in the 3rd quarter worth about $152,000. US Bancorp DE increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% during the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after purchasing an additional 4,911 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after buying an additional 543 shares in the last quarter. Arlington Capital Management Inc. raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after buying an additional 703 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 70.0% in the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after buying an additional 5,033 shares during the period.

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.