Cohen & Steers REIT & Preferred & Income Fund (RNP) has announced its latest dividend information. The ex-dividend date is set for Aug 12, 2025, with the announcement having been made on Jun 23, 2025. The dividend payment, scheduled for Aug 29, 2025, is $0.136 per share. This figure is lower compared to the average of the last ten dividends, which stood at approximately $0.178 per share. The most recent previous dividend was also $0.136 per share, paid on Jul 31, 2025. Both instances of dividend distribution are classified as cash dividends.
Recently,
has been active in the market, reflecting strategic moves and financial growth. As of late, the company announced changes to its Realty Majors Portfolio Index, indicating a shift in its investment strategy. In addition, Cohen & Steers Income Opportunities REIT has expanded its portfolio by acquiring the Deer Valley Towne Center in Phoenix. This acquisition, done in partnership with
Organization, aligns with the company's focus on high-quality, necessity-driven shopping centers in growth markets. The property is strategically located, boasting a 94% occupancy rate, and benefits from favorable demographics and economic conditions, including a projected 1.3% population growth in Phoenix over the next five years. This strategic acquisition is expected to strengthen the company's income opportunities through stable cash flows.
Furthermore, recent reports show that Cohen & Steers experienced significant revenue growth. In 2024, the company's annual revenue reached $517.42 million, marking a 5.67% increase. The trailing twelve months (ttm) revenue saw a further rise to $543.58 million, representing an 11.54% growth. These figures underscore the robust financial health of Cohen & Steers, bolstered by a positive market environment and strategic business decisions.
In conclusion, Cohen & Steers REIT & Preferred & Income Fund continues to demonstrate strategic and financial growth. Investors looking to receive the upcoming dividend must purchase shares by the ex-dividend date of Aug 12, 2025, as any transactions made after this date will not qualify for the dividend distribution.
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