Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) to Issue Monthly Dividend of $0.13 on June 28th

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) announced a monthly dividend on Tuesday, March 26th, Wall Street Journal reports. Investors of record on Tuesday, June 11th will be given a dividend of 0.131 per share on Friday, June 28th. This represents a $1.57 annualized dividend and a yield of 7.86%. The ex-dividend date is Tuesday, June 11th.

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

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

LDP opened at $20.00 on Thursday. The business has a 50 day moving average price of $19.54 and a 200 day moving average price of $18.40. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $16.16 and a twelve month high of $20.30.

Institutional Investors Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth approximately $28,000. Worth Asset Management LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the first quarter valued at approximately $69,000. Captrust Financial Advisors bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter valued at approximately $79,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 valued at $216,000 after purchasing an additional 2,311 shares during the period. Finally, SMH Capital Advisors Inc. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 6.9% during the fourth quarter. SMH Capital Advisors Inc. now owns 13,704 shares of the company’s stock valued at $261,000 after purchasing an additional 885 shares during the period.

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.