Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Rating) declared a monthly dividend on Tuesday, December 13th, Wall Street Journal reports. Stockholders of record on Wednesday, February 15th will be given a dividend of 0.135 per share on Tuesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Tuesday, February 14th.
Cohen & Steers Limited Duration Preferred and Income Fund has decreased its dividend payment by an average of 4.7% annually over the last three years.
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Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.2 %
NYSE:LDP opened at $21.18 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund has a 1 year low of $17.72 and a 1 year high of $23.29. The firm has a 50 day moving average of $19.83 and a 200-day moving average of $19.67.
Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 13.2% in the fourth quarter. Bank of America Corp DE now owns 648,650 shares of the company's stock valued at $12,337,000 after purchasing an additional 75,763 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.1% in the first quarter. Invesco Ltd. now owns 299,828 shares of the company's stock valued at $6,873,000 after purchasing an additional 9,061 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 4.4% in the third quarter. Baird Financial Group Inc. now owns 77,616 shares of the company's stock valued at $1,405,000 after purchasing an additional 3,247 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 10.2% in the first quarter. Synovus Financial Corp now owns 41,973 shares of the company's stock valued at $963,000 after purchasing an additional 3,893 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 4.1% during the 1st quarter. Raymond James & Associates now owns 41,502 shares of the company's stock worth $951,000 after acquiring an additional 1,644 shares during the period.
About Cohen & Steers Limited Duration Preferred and Income Fund
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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.
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