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, September 22nd. Investors of record on Tuesday, December 8th will be given a dividend of 0.131 per share on Thursday, December 31st. This represents a c) annualized dividend 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 Price Performance

NYSE:LDP traded down $0.14 during mid-day trading on Wednesday, reaching $19.41. The company’s stock had a trading volume of 8,009 shares, compared to its average volume of 66,845. The firm’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $20.61. Cohen & Steers Limited Duration Preferred and Income Fund has a 12-month low of $19.35 and a 12-month high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

(Get Free Report)

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.

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