NYSE : PSF
$0.04 (0.21%)
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PSF: Good For Monthly Income But Limited Growth Potential
Cohen & Steers Select Preferred and Income Fund remains a hold, with a stable dividend yield but limited growth catalysts amid interest rate uncertainty. PSF trades at an 8.63% discount to NAV, near the deeper end of its historical range, and offers a 7.5% monthly dividend yield supported by earnings. The portfolio is highly concentrated in banking preferreds (54%), uses 33% leverage, and holds 74% below investment-grade credits, amplifying interest rate and credit risk. seekingalpha.com - 2026-07-05 21:34:17 |