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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) announced a monthly dividend on Tuesday, March 24th. Shareholders of record on Tuesday, April 14th will be given a dividend of 0.131 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, April 14th.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

NYSE LDP opened at $19.92 on Wednesday. The stock’s 50-day simple moving average is $21.08 and its two-hundred day simple moving average is $21.33. Cohen & Steers Limited Duration Preferred and Income Fund has a twelve month low of $18.38 and a twelve month high of $22.05.

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

A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after buying an additional 1,014 shares during the last quarter. Global Retirement Partners LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter valued at approximately $34,000. Newbridge Financial Services Group Inc. bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter valued at approximately $62,000. Litman Gregory Wealth Management LLC purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth approximately $64,000. Finally, Vermillion Wealth Management Inc. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% during the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after acquiring an additional 1,771 shares in the last quarter.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.