SmarterDividends
RNP

Cohen & Steers REIT and Preferred Income Fund (RNP) Dividend

Cohen & Steers REIT and Preferred Income Fund, Inc. · Financial Services · Asset Management · monthly payer

$19.41

Undervalued · +20% Add to Portfolio

As of Nov 10, 2026, Cohen & Steers REIT and Preferred Income Fund (RNP) pays a monthly dividend of $0.1360 per share, or $1.63 a year, a 8.41% yield at its $19.41 share price. The next ex-dividend date is Nov 10, 2026, paid Nov 24, 2026. It has a dividend safety grade of B.

Forward Yield

8.41%

Annual Dividend

$1.63

Payout Ratio

69%

5-Yr Growth

1.9%

Ex-Date

Nov 10, 2026

Frequency

Monthly

Key facts about RNP's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 10, 2026, Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a forward dividend yield of 8.41%, based on an annual dividend of $1.63 per share and a share price of $19.41.
  • As of Nov 10, 2026, RNP's dividend safety grade from SmarterDividends is B (73 out of 100), which rates the dividend as safe.
  • RNP last cut its regular dividend in 2017.
  • RNP's next ex-dividend date is Nov 10, 2026, with payment on Nov 24, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 10, 2026, RNP pays out 69% of its trailing 12-month earnings as dividends (its payout ratio).
  • RNP's dividend has grown at an average rate of 1.9% a year over the past five years.
  • As of Nov 10, 2026, SmarterDividends' blended fair-value estimate for RNP is $23.31 per share, 20% above the $19.41 share price, so RNP screens as undervalued.
  • Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) pays its dividend monthly, 12 times a year.
  • Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has raised its regular dividend 7 times and cut it 1 time across the 221 payments on record since 2003. Its most recent change was a 9.7% increase to $0.136 per share, going ex-dividend on Jan 11, 2022. The last cut went ex-dividend on Oct 18, 2016.
Cite this page

SmarterDividends, "RNP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 10, 2026, https://smarterdividends.com/stocks/RNP

Is RNP a good dividend stock?

Yes, with caveats

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) pays a monthly dividend yielding 8.41% ($1.63/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

    Risks

    • Cut its dividend in 2017
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    8.41%
    Payout Ratio
    69%
    Annual Dividend
    $1.63
    5-Yr Avg Growth
    1.9%
    Ex-Dividend Date
    Nov 10, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    1.21
    Market Cap
    $931.7M
    P/E Ratio
    8.2
    5-Yr Total Return
    -29%
    52-Week Range
    $18.01 – $21.86
    Dividend Safety
    B · 73/100
    Ever Cut?
    Yes (2017)

    RNP dividend raises and cuts

    Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has raised its regular dividend 7 times and cut it 1 time across the 221 payments on record since 2003. Its most recent change was a 9.7% increase to $0.136 per share, going ex-dividend on Jan 11, 2022. The last cut went ex-dividend on Oct 18, 2016.

    Ex-dateChangeOld → newMove
    Jan 11, 2022Raise$0.124 → $0.136+9.7%
    Oct 18, 2016Cut$0.370 → $0.124−66.5%
    Mar 18, 2015Raise$0.330 → $0.370+12.1%
    Jun 19, 2014Raise$0.300 → $0.330+10.0%
    Sep 22, 2010Raise$0.200 → $0.300+50.0%
    Apr 11, 2007Raise$0.195 → $0.200+2.6%
    Jan 12, 2005Raise$0.175 → $0.195+11.4%
    Apr 13, 2004Raise$0.170 → $0.175+2.9%
    Every RNP payment →Download every raise and cut (CSV)
    RNP ex-dividend date & scheduleNext ex-date Nov 10, 2026 · full ex-dividend historyView →RNP dividend historyEvery payment, totals by year, raises and cutsView →RNP dividend calculator100 shares pay $163.00 a year, $13.58 each monthCalculate →RNP total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is RNP a good dividend stock?

    Yes, with caveats. Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) pays a monthly dividend yielding 8.41% ($1.63/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.

    Is RNP undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RNP's fair value is about $23.31 versus a $19.41 share price — so it looks undervalued (+20% vs. fair value).

    Is RNP's dividend safe?

    RNP has a dividend-safety grade of B (73/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2017, debt and yield-versus-history.

    What is RNP's fair value?

    Our blended fair-value estimate for RNP is about $23.31 per share, roughly 20% above the current $19.41 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is RNP a buy, hold, or sell?

    We don't issue formal ratings, but on the data RNP screens as "yes, with caveats" and undervalued. Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) pays a monthly dividend yielding 8.41% ($1.63/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. This is research for your own analysis, not investment advice.

    Will RNP cut its dividend?

    RNP earns a dividend-safety grade of B (73/100), and has cut its dividend before (last in 2017). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does RNP pay a dividend?

    Yes. Cohen & Steers REIT and Preferred Income Fund, Inc. pays a monthly dividend of about $1.63 per share annually, a forward yield of roughly 8.41%.

    How much dividend does 100 shares of RNP pay?

    At $1.63 per share a year, 100 shares of RNP pay $163.00 a year in dividends before tax, about $13.58 each month. Buying them costs about $1,941 at the Nov 10, 2026 price.

    What is RNP's dividend yield?

    As of Nov 10, 2026, RNP's forward dividend yield is 8.41%, based on a $1.63 annual dividend and a $19.41 share price.

    What is RNP's dividend per share?

    As of Nov 10, 2026, RNP pays $1.63 per share per year, distributed on a monthly basis.

    What is RNP's dividend payout ratio?

    As of Nov 10, 2026, RNP's payout ratio is 69% of trailing 12-month earnings — a moderate level that's generally sustainable.

    How many years has RNP grown its dividend?

    RNP does not currently have a long dividend-growth streak on record.

    When is the next RNP ex-dividend date?

    As of Nov 10, 2026, the next ex-dividend date on record for RNP is Nov 10, 2026.

    Income Calculator

    At $1.63 / yr per share

    Per payment (monthly)$13.58
    Annual$163.00
    Monthly avg$13.58
    Full RNP dividend calculator →

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