--- title: "Upcoming Dividend Run For RNP?" type: "News" locale: "en" url: "https://longbridge.com/en/news/284232072.md" description: "Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) is set for a potential \"Dividend Run\" ahead of its upcoming ex-dividend date on May 12, 2026, for a dividend of $0.136 per share. Historically, RNP has shown capital gains exceeding dividend amounts in three out of the last four instances, suggesting a pattern of price increases leading up to the ex-dividend date. Investors are encouraged to monitor RNP, which has an implied annualized yield of 7.89%." datetime: "2026-04-27T14:05:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284232072.md) - [en](https://longbridge.com/en/news/284232072.md) - [zh-HK](https://longbridge.com/zh-HK/news/284232072.md) --- # 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 04/14/26. 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 20.80. And two weeks (ten trading days) prior to _that_, on 03/27/26, shares closed at a price of 19.35. That means that in the final two-week run-up to the 0.136 dividend, RNP gained 1.45 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 +2.72 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 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** 01/13/26 0.136 12/26/25 19.77 01/12/26 20.24 **+0.47** Div Total: 0.544 "Divvy Run" Total: **+2.72** 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: 05/12/26 Payment Date: 05/29/26 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 7.89%. 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. ##### Also see: • Socially Responsible Preferreds • Hingham Institution Historical Earnings • Stocks Crossing Below Their 200 Day Moving Average 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 - [Cohen & Steers REIT and Preferred and Income Fund, Inc. 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