Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) to Issue $0.13 Monthly Dividend

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) announced a monthly dividend on Monday, June 22nd. Stockholders of record on Tuesday, September 8th will be given a dividend of 0.126 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, September 8th.

Cohen & Steers Select Preferred and Income Fund Stock Down 0.5%

Shares of NYSE PSF opened at $19.70 on Tuesday. The stock has a fifty day moving average price of $19.71 and a 200 day moving average price of $20.01. Cohen & Steers Select Preferred and Income Fund has a 1-year low of $18.95 and a 1-year high of $21.20.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

Large investors have recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the 3rd quarter worth $152,000. US Bancorp DE boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% in the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after acquiring an additional 4,911 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% during the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock worth $219,000 after acquiring an additional 543 shares during the period. Arlington Capital Management Inc. increased its stake in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% during the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after acquiring an additional 703 shares during the period. Finally, Fifth Third Bancorp purchased a new position in Cohen & Steers Select Preferred and Income Fund during the first quarter worth about $247,000.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.