Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc (LDP) to Issue Monthly Dividend of $0.16 on July 31st

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Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc (NYSE:LDP) declared a monthly dividend on Thursday, June 13th, Wall Street Journal reports. Shareholders of record on Wednesday, July 17th will be given a dividend of 0.156 per share on Wednesday, July 31st. This represents a $1.87 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Tuesday, July 16th.

Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc 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 stock opened at $25.46 on Friday. The stock’s fifty day moving average is $24.55. Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc has a one year low of $19.29 and a one year high of $25.50.

About Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a closed-end investment fund company. Its investment objective is high current income through investment in preferred and other income securities. The secondary investment objective is capital appreciation. The company was founded in 2012 and is headquartered in New York, NY.

See Also: Cost of equity and a company’s balance sheet

Dividend History for Cohen & Steers Ltd DrtnPrfrrd&IncmFndInc (NYSE:LDP)

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