Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) to Issue Monthly Dividend of $0.13 on November 30th

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) announced a monthly dividend on Tuesday, September 22nd. Investors of record on Tuesday, November 10th will be paid a dividend of 0.131 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 1.1%

NYSE:LDP opened at $19.34 on Thursday. Cohen & Steers Limited Duration Preferred and Income Fund has a 12 month low of $19.31 and a 12 month high of $22.05. The company has a 50 day simple moving average of $20.44 and a two-hundred day simple moving average of $20.60.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Glaxis Capital Management LLC increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after acquiring an additional 57,800 shares during the last quarter. Readystate Asset Management LP purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth about $533,000. Fifth Third Bancorp bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter valued at about $637,000. Fiera Capital Corp grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 24.8% during the 4th quarter. Fiera Capital Corp now owns 57,873 shares of the company’s stock valued at $1,225,000 after purchasing an additional 11,512 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 6.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 42,709 shares of the company’s stock valued at $904,000 after purchasing an additional 2,538 shares during the period.

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.