Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund to Issue Monthly Dividend of $0.13 (NYSE:PTA)

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) declared a monthly dividend on Wednesday, June 26th, Wall Street Journal reports. Stockholders of record on Tuesday, August 13th will be paid a dividend of 0.134 per share on Friday, August 30th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date is Tuesday, August 13th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has increased its dividend by an average of 131.3% annually over the last three years.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

Shares of PTA opened at $19.61 on Friday. The firm has a 50 day simple moving average of $19.23 and a 200-day simple moving average of $18.92. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $16.48 and a 1-year high of $19.80.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.