Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) to Issue Monthly Dividend of $0.13 on May 31st

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) declared a monthly dividend on Monday, March 25th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.131 per share on Friday, May 31st. This represents a $1.57 annualized dividend and a dividend yield of 7.90%. The ex-dividend date is Tuesday, May 14th.

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

Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.6 %

Cohen & Steers Limited Duration Preferred and Income Fund stock opened at $19.90 on Wednesday. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $16.16 and a twelve month high of $20.30. The company has a 50 day moving average of $19.52 and a 200-day moving average of $18.39.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at about $28,000. Worth Asset Management LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter valued at about $69,000. Captrust Financial Advisors bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter worth about $79,000. Northwestern Mutual Wealth Management Co. increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 25.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,365 shares of the company’s stock worth $216,000 after acquiring an additional 2,311 shares during the period. Finally, Nomura Holdings Inc. bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth about $253,000.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.