Cohen & Steers REIT and Preferred and Income Fund Declares $0.136 Monthly Dividend
Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) has declared a monthly dividend of $0.136 per share for shareholders. This amount is consistent with previous distributions from the company. The forward yield based on this payout stands at 8.4%, which may attract income-focused investors seeking regular returns. The dividend will be payable in two installments: one on October 30 to shareholders of record as of October 13, and another on November 30 for those recorded by the same date. The ex-dividend date is set for October 13, meaning new buyers after this point won't receive the upcoming dividend. This consistent payout reflects RNP's strategy in maintaining stable income generation through its investments in real estate investment trusts (REITs) and preferred securities.
Tickers: $RNP
Topics: dividend income fund REITs