NEW YORK, Sept. 28 /PRNewswire-FirstCall/ -- The board of directors of Cohen & Steers Dividend Value Fund, Inc. has declared a short-term capital gain distribution of $0.051 per share and a long-term capital gain distribution of $0.007 per share, both payable on September 28, 2007 to shareholders of record on September 27, 2007, with an ex-dividend date of September 28, 2007.(*) The fund's share classes are Class A Shares (NASDAQ Symbol DVFAX, Cusip No. 19248L105); Class C Shares (NASDAQ Symbol DVFCX, Cusip No. 19248L204); and Class I Shares (NASDAQ Symbol DVFIX, Cusip No. 19248L303). Please note that the fund may pay additional capital gains distributions before the end of the year. (*) 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. DATASOURCE: Cohen & Steers Dividend Value Fund, Inc. CONTACT: Francis C. Poli, executive vice president and general counsel, of Cohen & Steers Capital Management, Inc., +1-212-446-9112 Web site: http://www.cohenandsteers.com/

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