--- title: "Upcoming Dividend Run For RNP?" type: "News" locale: "en" url: "https://longbridge.com/en/news/287536735.md" description: "Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) is set for a potential dividend run ahead of its upcoming dividend of $0.136 per share, with an ex-dividend date on June 9, 2026. Historical data shows that RNP has often experienced price increases prior to ex-dividend dates, making it a stock to watch for dividend-focused investors. The implied annualized yield is 7.85%." datetime: "2026-05-25T13:35:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287536735.md) - [en](https://longbridge.com/en/news/287536735.md) - [zh-HK](https://longbridge.com/zh-HK/news/287536735.md) generator: "portal-rs" --- # Upcoming Dividend Run For RNP? This morning a "Potential Dividend Run Alert" went out for Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its *ex-dividend* date. For anyone unfamiliar with the term, the *ex-dividend date* marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares *before* the ex-dividend date. All else equal, the stock price would be expected to *drop by the dividend amount* on that *ex-*date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.136 dividend *before* ex-date, but no longer entitled to that amount *on or after* ex-date, then this drop makes perfect sense! Because if the shares *didn't* drop by that same 0.136 the next day, then *effectively*, buyers would effectively be paying 0.136 *more* for the same share of stock. But now think about *this:* if a stock is expected to *drop* by the dividend amount (all else equal) *on* ex-date, then in turn, shouldn't that stock be expected to *rise* sometime *ahead* of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And *that* wouldn't make *any* sense for a company continually earning money and paying dividends. So indeed, "sometime" *before* a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the stock to have a potential *Dividend Run*. And notice we put the word "sometime" in quotes in that last sentence, because there are differing views among different dividend investors about *timeframe* when it comes to capturing Dividend Run effects. Some like to invest (and then also to sell) on specific target dates; others like to employ some form of dollar cost averaging. Some like to invest shortly before ex-div, hold for the dividend, and then sell on or after ex-date (having actually capturing the dividend / received the income). Others like to sell the day *before* ex-date (the last possible day where the buyer of the shares will still be "paying for" the upcoming dividend) with the idea to try and maximize *capital gain*. In this capital-gain-focused scenario, one common timeframe we've seen discussed, is to buy about two weeks (ten trading days) prior to the targeted sale date. For example, consider the 0.136/share RNP dividend that went "ex-dividend" on 05/12/26. On the prior trading day — the last day where a seller knows that the buyer of their shares will be expecting that dividend amount — shares of RNP closed at 21.18. And two weeks (ten trading days) prior to *that*, on 04/27/26, shares closed at a price of 20.67. That means that in the final two-week run-up to the 0.136 dividend, RNP gained 0.51 in price. Looking back at the last four dividends paid by RNP, this strategy would have captured a capital gain in excess of the dividend 3 out of 4 times, with a "Divvy Run" total of +2.76 in capital gains. Incidentally, that *exceeds* the sum total *dividend* amounts across those last four dividends, of 0.544. Here's the data: | Ex-Dividend | ——Price 2 Weeks Prior—» | ——Price 1 Day Prior—» | Run Gain/Loss | | | | | ----------- | ----------------------- | --------------------- | ------------- | -------- | ----- | --------- | | 05/12/26 | 0.136 | 04/27/26 | 20.67 | 05/11/26 | 21.18 | **+0.51** | | 04/14/26 | 0.136 | 03/27/26 | 19.35 | 04/13/26 | 20.80 | **+1.45** | | 03/10/26 | 0.136 | 02/23/26 | 21.51 | 03/09/26 | 21.25 | **-0.26** | | 02/10/26 | 0.136 | 01/26/26 | 20.00 | 02/09/26 | 21.06 | **+1.06** | | Div Total: | 0.544 | "Divvy Run" Total: | **+2.76** | | | | In about two weeks from now, Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) will go ex-dividend for its latest dividend of 0.136/share. Will Dividend Run history repeat itself? Upcoming Dividend: 0.136/share Ex-Div Date: 06/09/26 Payment Date: 06/30/26 Dividend Frequency: Monthly Full RNP Dividend History » As the saying goes, past performance is never a guarantee of future returns. But one thing's for sure: for those investors who count Dividend Runs among the tools in their arsenal, RNP is a good dividend stock to know about and have on your radar screen with its implied annualized yield of 7.85%. Stay tuned for future Dividend Run candidates, and if you'd like to receive email alerts right into your inbox, enroll in our free Dividend Alerts feature, courtesy of DividendChannel.com. ### Further RNP Research: - DBX Options Chain - LEMB Options Chain - Preferred Stock Articles The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [RNP.US](https://longbridge.com/en/quote/RNP.US.md) ## Related News & Research - [Permian Basin Royalty Trust declares $0.0187 dividend](https://longbridge.com/en/news/296740052.md) - [Mega IPOs Could be Coming: Here’s How They Might Impact Dividends](https://longbridge.com/en/news/296815476.md) - [PermRock Royalty Trust declares $0.0218 dividend](https://longbridge.com/en/news/296740058.md) - [AllianceBernstein Global High Income Fund declares $0.0655 dividend](https://longbridge.com/en/news/296913007.md) - [Extra Space Storage declares $1.62 dividend](https://longbridge.com/en/news/296399271.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**