Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
PTAFinancial Services · Stock · monthly payer
Forward Yield
9.12%
Annual Dividend
$1.61
Payout Ratio
68%
5-Yr Growth
0.6%
Ex-Date
Sep 8, 2026
Frequency
Monthly
Summary
As of September 2026, Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) yields 9.12% ($1.61 per share annually), with a blended fair-value estimate of $20.57 — +14% upside, so it screens as fairly valued. Dividend safety grade: B (72/100).
Is PTA a good dividend stock?
Yes, with caveatsCohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) pays a monthly dividend yielding 9.12% ($1.61/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.12%
- Payout Ratio
- 68%
- Annual Dividend
- $1.61
- 5-Yr Avg Growth
- 0.6%
- Ex-Dividend Date
- Sep 8, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $957.6M
- P/E Ratio
- 7.3
- 5-Yr Total Return
- -28%
- 52-Week Range
- $17.52 – $20.92
- Dividend Safety
- B · 72/100
- Ever Cut?
- No
Frequently Asked Questions
PTA Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+7%
5 Years
-28%
52-Week Range
$17.52 – $20.92
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PTA worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is $20.57 per share, versus a market price of $18.06. That implies the stock is roughly fairly priced.
Fair Value
$20.57
Current Price
$18.06
Gap
+14%
Margin of Safety
12%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.38 EPS, $1.61 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PTA Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PTA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 8, 2026 | — | $0.1340 | regular |
| Aug 11, 2026 | — | $0.1340 | regular |
| Jul 14, 2026 | — | $0.1340 | regular |
| Jun 9, 2026 | — | $0.1340 | regular |
| May 12, 2026 | — | $0.1340 | regular |
| Apr 14, 2026 | — | $0.1340 | regular |
| Mar 10, 2026 | — | $0.1340 | regular |
| Feb 10, 2026 | — | $0.1340 | regular |
| Sep 9, 2025 | — | $0.1340 | regular |
| Aug 12, 2025 | — | $0.1340 | regular |
| Jul 15, 2025 | — | $0.1340 | regular |
| Jun 10, 2025 | — | $0.1340 | regular |
| May 13, 2025 | — | $0.1340 | regular |
| Apr 8, 2025 | — | $0.1340 | regular |
Income Calculator
At $1.61 / yr per share
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