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

by · The Cerbat Gem

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Free Report) announced a monthly dividend on Tuesday, December 16th. Stockholders of record on Tuesday, January 13th will be paid a dividend of 0.131 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, January 13th.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of NYSE LDP traded up $0.02 during mid-day trading on Wednesday, reaching $21.28. The company had a trading volume of 11,343 shares, compared to its average volume of 66,636. Cohen & Steers Limited Duration Preferred and Income Fund has a 1-year low of $18.38 and a 1-year high of $22.05. The company has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $21.32.

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

A number of hedge funds have recently bought and sold shares of LDP. Cetera Investment Advisers increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.7% in the first quarter. Cetera Investment Advisers now owns 17,680 shares of the company’s stock worth $360,000 after acquiring an additional 961 shares in the last quarter. Invesco Ltd. boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 11.0% in the 1st quarter. Invesco Ltd. now owns 438,608 shares of the company’s stock worth $8,930,000 after purchasing an additional 43,415 shares during the period. Raymond James Financial Inc. boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 3.5% in the 1st quarter. Raymond James Financial Inc. now owns 414,525 shares of the company’s stock worth $8,440,000 after purchasing an additional 13,954 shares during the period. Synovus Financial Corp grew its position in Cohen & Steers Limited Duration Preferred and Income Fund by 1.4% during the 1st quarter. Synovus Financial Corp now owns 166,678 shares of the company’s stock worth $3,394,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter worth approximately $236,000.

About Cohen & Steers Limited Duration Preferred and Income Fund

(Get Free Report)

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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