Cohen & Steers Select Preferred & Income Fund Announces $0.126 Dividend – Market Impact on Ex-Dividend Date of 2025-09-09

Introduction

Cohen & Steers Select Preferred & Income Fund (PSF) has a long-standing reputation for delivering consistent income to shareholders. Its dividend policy is generally aligned with high-yield fixed-income strategies, with a focus on preferred securities and other income-generating assets. Relative to its peers in the preferred securities fund space, PSF’s dividend is considered stable and reliable, offering a key draw for income-oriented investors.

In the current market environment—characterized by moderate inflation and a relatively stable equity market—PSF’s yield is performing in line with expectations. As the fund approaches its ex-dividend date on September 9, 2025, investors are closely monitoring how the market will price the shares in the days leading up to and following the date.

Dividend Overview and Context

For the ex-dividend date of September 9, 2025, the fund has declared a cash dividend of $0.126 per share. As there is no stock dividend, the total payout is entirely in cash.

The ex-dividend date is critical because, on this day, the stock will trade without the value of the dividend. This typically causes a downward adjustment in the stock price equal to the dividend amount. While the dividend yield remains attractive, investors must consider the expected price drop when evaluating entry or exit timing.

Backtest Analysis

The backtest results for PSF’s historical dividend events provide insight into the fund’s typical price behavior following ex-dividend dates. The data shows that, on average, PSF shares recover the dividend value within 3.54 days, with an 81% probability of full recovery within 15 days. This high likelihood of price recovery suggests a strong market response and relatively low downside risk after the ex-dividend event.

Driver Analysis and Implications

The fund’s latest financial report indicates strong performance. Total revenue for the most recent period was $12,486,286, with an operating income of $10,874,575 and net income of $9,438,479. The total basic earnings per common share were $0.7847, which provides the fund with significant flexibility in maintaining and potentially growing its dividend.

These strong earnings underpin the reliability of the dividend, even in a relatively high-interest-rate environment. The fund’s ability to manage expenses—marketing, selling, and general administrative expenses were $197,244—also supports the sustainability of its dividend policy.

Broadly, PSF’s performance reflects the resilience of preferred securities in a market where yield remains a priority for investors. With interest rates stabilizing, income-focused strategies like PSF are likely to continue attracting capital.

Investment Strategies and Recommendations

For short-term investors, the high probability of price recovery offers a strategic opportunity to hold the shares through the ex-dividend date without significant price erosion. Investors who already hold PSF shares may consider locking in the dividend and managing their positions with minimal exposure to downward price swings.

For long-term investors, PSF’s consistent performance and strong earnings suggest it is a solid component of a diversified income portfolio. Reinvesting dividends can compound returns over time, especially given the fund’s historically strong yield and reliable dividend schedule.

Conclusion & Outlook

Cohen & Steers Select Preferred & Income Fund continues to deliver on its promise as a reliable source of income for investors. With the dividend of $0.126 set for the ex-dividend date on September 9, 2025, and supported by robust earnings and favorable backtest data, the fund remains a compelling option for those seeking steady returns in a stable market environment.

Investors should continue monitoring PSF’s next earnings and dividend announcement for further insights into the fund’s strategy and performance. The upcoming earnings report will provide an updated view of the fund’s financial health and its ability to maintain its dividend schedule.