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Cohen & Steers Reit and Preferr Message Board

  • mysonchino mysonchino Dec 16, 2007 5:38 PM Flag

    Money Machine

    C&S just announced the next 3 months dividends for many of their closed end funds. If dividend increases occur it is generally with the April Div. At this price and deducting the special dividend the yield on this stock is 13%. As of Sept 30 the fund was 54% in preferred stocks which have taken a hit recently. The other 46% is in REITs which receive rent increases and capital appreciation. I am looking for a .03 pr year dividend increase in April, a recovery of the preferreds similiar to what occurred last August and a general rise in real estate values(commercial) over the next few years. This should be a fairly safe way to make outsized returns for the forseeable future. Not a rocket but slow and steady especially if you can reinvest the specials each year end.

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