Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc to Issue Monthly Dividend of $0.16 (LDP)
Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc (NYSE:LDP) declared a monthly dividend on Wednesday, March 20th, Wall Street Journal reports. Investors of record on Wednesday, April 17th will be paid a dividend of 0.156 per share on Tuesday, April 30th. This represents a $1.87 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Tuesday, April 16th.
Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc has decreased its dividend payment by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 4 years.
NYSE LDP traded up $0.29 during trading on Wednesday, reaching $24.00. The company’s stock had a trading volume of 104,496 shares, compared to its average volume of 89,745. Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc has a 12 month low of $19.29 and a 12 month high of $25.99.
About Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc
Cohen & Steers Limited Duration Preferred and Income Fund, Inc is a closed-ended fixed income fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets across the globe. The fund uses derivatives like interest rate swaps to make its investments.
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