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.
Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Passes Above 50 Day Moving Average – Here’s Why
Cohen and Steers Select Preferred and Income Fund, Inc. (NYSE: PSF - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $19.91 and traded as high as $20.13. Cohen and Steers Select Preferred and Income Fund shares last traded at
PSF: ~8% Yield On Bank Preferreds
Cohen & Steers Select Preferred and Income Fund, Inc., is rated a Buy, driven by its 9.34% discount to NAV and robust dividend coverage. PSF yields 7.79% with monthly distributions, covered 1.22x by NII plus realized gains in 2025, and maintains a diversified portfolio of 317 preferred securities. Banking sector exposure is significant at 54%, with 50% of holdings investment grade and a bias toward long-term maturities.
