Cohen & Steers Limited Drtn Prfd&Incm Fd (NYSE:LDP) announced a monthly dividend on Wednesday, December 19th, Wall Street Journal reports. Investors of record on Wednesday, January 16th will be given a dividend of 0.156 per share on Thursday, January 31st. This represents a $1.87 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date of this dividend is Tuesday, January 15th.
Cohen & Steers Limited Drtn Prfd&Incm Fd has decreased its dividend payment by an average of 3.2% per year over the last three years and has increased its dividend every year for the last 4 years.
LDP opened at $22.28 on Monday. Cohen & Steers Limited Drtn Prfd&Incm Fd has a 1-year low of $19.29 and a 1-year high of $26.59.
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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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