Cohen & Steers Limited Duration Preferred and Income Fund, Inc. to Issue Monthly Dividend of $0.13 (NYSE:LDP)

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) announced a monthly dividend on Tuesday, September 22nd. Stockholders of record on Tuesday, December 8th will be given a dividend of 0.131 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, December 8th.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.9%

Shares of NYSE LDP traded down $0.18 during mid-day trading on Wednesday, reaching $19.37. 11,184 shares of the company’s stock were exchanged, compared to its average volume of 66,846. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $19.35 and a twelve month high of $22.05. The business has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $20.61.

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

Several hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter valued at approximately $67,000. Rareview Capital LLC increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 9.7% during the second quarter. Rareview Capital LLC now owns 145,557 shares of the company’s stock worth $3,054,000 after acquiring an additional 12,854 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% during the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock worth $6,243,000 after acquiring an additional 5,852 shares during the period. Oarsman Capital Inc. raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the second quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock worth $14,808,000 after acquiring an additional 16,581 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 18.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,373 shares of the company’s stock valued at $219,000 after acquiring an additional 1,631 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund seeks to provide a high level of current income while also pursuing capital appreciation through a portfolio focused on preferred securities and other income-producing investments.

The fund invests across a range of preferred stocks, corporate debt securities, and other fixed-income instruments. Its limited-duration strategy is designed to help manage sensitivity to changes in interest rates, while its portfolio may include securities issued by companies in financial services, utilities, telecommunications, real estate, and other industries.

LDP is managed by Cohen & Steers Capital Management, an investment adviser specializing in real assets and income-oriented strategies.