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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTAGet Free Report) declared a monthly dividend on Monday, March 25th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.134 per share on Friday, May 31st. This represents a $1.61 annualized dividend and a yield of 8.31%. The ex-dividend date is Tuesday, May 14th.

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

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

Shares of PTA stock opened at $19.34 on Wednesday. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a one year low of $15.84 and a one year high of $19.67. The company’s fifty day moving average price is $18.94 and its 200-day moving average price is $18.14.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 11.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,397 shares of the company’s stock valued at $146,000 after purchasing an additional 838 shares during the period. Invesco Ltd. raised its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 16.8% during the 3rd quarter. Invesco Ltd. now owns 54,948 shares of the company’s stock valued at $960,000 after purchasing an additional 7,903 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 32.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 46,064 shares of the company’s stock valued at $830,000 after acquiring an additional 11,156 shares during the last quarter. Guggenheim Capital LLC bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at $241,000. Finally, Stifel Financial Corp increased its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 13.4% in the 2nd quarter. Stifel Financial Corp now owns 129,642 shares of the company’s stock valued at $2,260,000 after acquiring an additional 15,269 shares during the last quarter.

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

(Get Free Report)

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.

Further Reading

Dividend History for Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA)

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