Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) to Issue Monthly Dividend of $0.13 on August 31st

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) announced a monthly dividend on Monday, June 22nd. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.131 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, August 11th.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

NYSE LDP opened at $20.65 on Friday. The company’s fifty day moving average is $20.84 and its two-hundred day moving average is $20.84. Cohen & Steers Limited Duration Preferred and Income Fund has a 52-week low of $19.35 and a 52-week high of $22.05.

Institutional Investors Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after acquiring an additional 1,014 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth approximately $34,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth approximately $64,000. Smith Asset Management Co. LLC grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% during the 4th quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock worth $249,000 after purchasing an additional 1,614 shares in the last quarter. Finally, Creative Planning increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% during the third quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after purchasing an additional 670 shares during the period.

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.