Cohen & Steers Select Preferred & Income Fund: Key Dividend and Market Insights Before Jun 10, 2025

Cohen & Steers Select Preferred & Income Fund (PSF) has announced a dividend of $0.126 per share, with an ex-dividend date set for Jun 10, 2025, and a dividend date on Jun 30, 2025. This dividend is lower compared to the average of the last ten dividends, which stands at approximately $0.168. The announcement was made on Mar 27, 2025. The previous dividend, paid on May 30, 2025, was also $0.126 per share. The dividend type for both is a cash dividend.

Recently, market analysts have been actively discussing PSF's trading strategies and fund performance. Over the past week, sources reported a day trading plan for PSF, suggesting a buy slightly above $19.65, with a target of $20.35 and a stop loss at $19.60. Conversely, a short position was advised near $19.65, aiming for a target of $19.38 with a stop loss at $19.70. Such strategies indicate a cautious yet optimistic market sentiment regarding PSF's near-term price movements.

As of late, market analysts have highlighted concerns regarding fluctuations in the U.S. dollar affecting the fixed-income sector, including funds like the Cohen & Steers Select Preferred & Income Fund. The depreciation of the dollar poses a risk by potentially diminishing the real value of distributions, impacting long-term fixed-income holdings. This currency-related challenge is a critical factor for investors to consider in their strategy.

Since the last update, the fund's performance metrics have been under scrutiny. The PSF fund is categorized in the growth and income sector with a focus on real estate, showing a yield of approximately 0.077. The fund is currently trading with a premium/discount of -7.4%, and its price was noted at $19.62. This financial positioning reflects the market's current appraisal of the fund's value in relation to its net asset value.

In conclusion, investors should be aware that Jun 10, 2025, is the ex-dividend date for Cohen & Steers Select Preferred & Income Fund. This date marks the last opportunity for investors to purchase shares and qualify for the upcoming dividend. Any acquisitions made after this date will not be eligible for the dividend distribution.