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. It seeks to invest in companies that are operating across financial sectors including banks, diversified financials, real estate, and insurance industries. The fund primarily invests in floating-rate and fixed-to-floating-rate preferred securities, preferred securities, traditional preferred securities, hybrid-preferred securities, debt securities, and convertible securities. It employs fundamental analysis, with a focus on issuers' creditworthiness, and prevailing market factors to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch Capital Securities Index and a composite benchmark of 75% BofA Merrill Lynch Capital Securities Index and 25% BofA Merrill Lynch 7% Constrained Adjustable Rate Preferred Securities Index. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. fund was formed on May 1, 2012 and is domiciled in the United States.
Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance
Cohen & Steers Limited Duration Preferred and Income Fund stock traded down $0.17 during midday trading on Friday, reaching $21.15. 57,434 shares of the stock traded hands, compared to its average volume of 82,925. The company has a 50-day simple moving average of $20.29 and a two-hundred day simple moving average of $21.33. Cohen & Steers Limited Duration Preferred and Income Fund has a 12-month low of $18.82 and a 12-month high of $27.70.
Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, September 14th will be issued a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date is Tuesday, September 13th.