Cohen & Steers REIT and Preferred Income Fund, Inc.
RNPFinancial Services · Stock · monthly payer
Forward Yield
8.56%
Annual Dividend
$1.63
Payout Ratio
69%
5-Yr Growth
1.9%
Ex-Date
Sep 8, 2026
Frequency
Monthly
Summary
As of September 2026, Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) yields 8.56% ($1.63 per share annually), with a blended fair-value estimate of $15.87 — -18% downside, so it screens as overvalued. Dividend safety grade: B (73/100).
Is RNP a good dividend stock?
Yes, with caveatsCohen & Steers REIT and Preferred Income Fund, Inc. (RNP) pays a monthly dividend yielding 8.56% ($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
- 8.56%
- Payout Ratio
- 69%
- Annual Dividend
- $1.63
- 5-Yr Avg Growth
- 1.9%
- Ex-Dividend Date
- Sep 8, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 1.21
- Market Cap
- $918.7M
- P/E Ratio
- 8.0
- 5-Yr Total Return
- -30%
- 52-Week Range
- $19.27 – $22.58
- Dividend Safety
- B · 73/100
- Ever Cut?
- Yes (2017)
Frequently Asked Questions
RNP Price — Last 12 Months
Daily close
Price Return
1 Year
-10%
3 Years
+19%
5 Years
-30%
52-Week Range
$19.27 – $22.58
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RNP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Cohen & Steers REIT and Preferred Income Fund, Inc. is $15.87 per share, versus a market price of $19.30. That implies 18% of downside.
Fair Value
$15.87
Current Price
$19.30
Downside
-18%
Margin of Safety
-22%
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 16.2% annual free-cash-flow growth. We model 1.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.4% discount rate (CAPM), 1.9% stage-1 growth, 2.5% terminal growth, $2.38 EPS, $1.63 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RNP 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 RNP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 8, 2026 | — | $0.1360 | regular |
| Aug 11, 2026 | — | $0.1360 | regular |
| Jul 14, 2026 | — | $0.1360 | regular |
| Jun 9, 2026 | — | $0.1360 | regular |
| May 12, 2026 | — | $0.1360 | regular |
| Apr 14, 2026 | — | $0.1360 | regular |
| Mar 10, 2026 | — | $0.1360 | regular |
| Feb 10, 2026 | — | $0.1360 | regular |
| Jan 13, 2026 | — | $0.1360 | regular |
| Dec 9, 2025 | — | $0.1360 | regular |
| Nov 12, 2025 | — | $0.1360 | regular |
| Oct 14, 2025 | — | $0.1360 | regular |
| Sep 9, 2025 | — | $0.1360 | regular |
| Aug 12, 2025 | — | $0.1360 | regular |
Income Calculator
At $1.63 / yr per share
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