Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) to Issue Monthly Dividend of $0.14

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDPGet Rating) announced a monthly dividend on Friday, July 1st, Wall Street Journal reports. Stockholders of record on Wednesday, September 14th will be given a dividend of 0.135 per share on Friday, September 30th. This represents a $1.62 annualized dividend and a dividend yield of 8.11%. The ex-dividend date of this dividend is Tuesday, September 13th.

Cohen & Steers Limited Duration Preferred and Income Fund has increased its dividend by an average of 3.8% per year over the last three years.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

LDP stock opened at $19.97 on Friday. The company’s fifty day simple moving average is $20.58 and its 200 day simple moving average is $21.02. Cohen & Steers Limited Duration Preferred and Income Fund has a 12-month low of $18.82 and a 12-month high of $27.70.

Hedge Funds Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in LDP. Worth Asset Management LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth approximately $69,000. Captrust Financial Advisors acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter valued at $79,000. Baird Financial Group Inc. bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter valued at $483,000. Raymond James & Associates increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 4.1% during the first quarter. Raymond James & Associates now owns 41,502 shares of the company’s stock worth $951,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 10.2% in the 1st quarter. Synovus Financial Corp now owns 41,973 shares of the company’s stock valued at $963,000 after acquiring an additional 3,893 shares in the last quarter.

About Cohen & Steers Limited Duration Preferred and Income Fund

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Cohen & Steers Limited Duration Preferred and Income Fund, Inc is a closed-ended fixed income fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets across the globe. The fund uses derivatives like interest rate swaps to make its investments.

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Dividend History for Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP)

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