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, September 22nd. Stockholders of record on Tuesday, November 10th will be paid a dividend of 0.131 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.7%

Shares of LDP traded down $0.14 on Wednesday, reaching $19.41. 8,009 shares of the company’s stock were exchanged, compared to its average volume of 66,845. The business has a 50 day moving average price of $20.47 and a two-hundred day moving average price of $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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oarsman Capital Inc. grew its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% in the second quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock valued at $14,808,000 after acquiring an additional 16,581 shares during the period. Community Bank & Trust Waco Texas lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% in the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock worth $6,243,000 after purchasing an additional 5,852 shares in the last quarter. Glaxis Capital Management LLC increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after acquiring an additional 57,800 shares during the last quarter. Rareview Capital LLC boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 9.7% during the second quarter. Rareview Capital LLC now owns 145,557 shares of the company’s stock valued at $3,054,000 after purchasing an additional 12,854 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 13.6% during the 1st quarter. Sanctuary Advisors LLC now owns 121,285 shares of the company’s stock worth $2,422,000 after purchasing an additional 14,514 shares during the last quarter.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.