Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) to Issue Monthly Dividend of $0.13 on July 31st

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) declared a monthly dividend on Monday, June 24th, Zacks reports. Stockholders of record on Tuesday, July 16th will be given a dividend of 0.134 per share on Wednesday, July 31st. This represents a $1.61 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Tuesday, July 16th.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.1 %

Shares of PTA stock traded up $0.01 on Wednesday, hitting $19.37. 54,709 shares of the stock were exchanged, compared to its average volume of 132,147. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a one year low of $16.48 and a one year high of $19.80. The firm’s 50 day moving average is $19.19 and its two-hundred day moving average is $18.91.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

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.