NEW YORK, Sept. 20 /PRNewswire-FirstCall/ -- The Board of Directors of Cohen & Steers Dividend Value Fund, Inc. today declared the regular quarterly distribution payable on September 28, 2006 to shareholders of record on September 27, 2006, with an ex-dividend date of September 28, 2006*. The dividend amount payable to each class of shares is as follows:
Class A Shares (NASDAQ Symbol: DVFAX, Cusip No.: 19248L105) - $0.035 per share regular quarterly dividend.
Class C Shares (NASDAQ Symbol: DVFCX, Cusip No. 19248L204) - $0.020 per share regular quarterly dividend.
Class I Shares (NASDAQ Symbol: DVFIX, Cusip No. 19248L303) - $0.050 per share regular quarterly dividend.
* Please note that the distributions paid by the fund to shareholders are subject to recharacterization for tax purposes. The final tax treatment of these distributions is reported to shareholders on their 1099-DIV forms, which are mailed to shareholders after the close of each fiscal year. In addition, the fund may pay distributions in excess of the fund's net investment company taxable income and this excess will be a tax-free return of capital distributed from the fund's assets. Distributions of capital decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make these distributions, the fund may have to sell portfolio securities at a less than opportune time. Information concerning the estimated composition of each fund distribution is available at cohenandsteers.com.
© 2006 PR Newswire
