Cohen & Steers Limited Duration Preferred and Income Fund Declares $0.131 Monthly Dividend
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) has declared a monthly dividend of $0.131 per share, consistent with its previous payout levels. The forward yield is currently estimated at 8.04%. Shareholders will receive the payment on October 30 for those registered as shareholders by October 13; shares will trade ex-dividend starting that same date. The fund maintains a stable dividend policy without significant growth catalysts, which has led to investor focus on its yield safety rather than capital appreciation. Analyst commentary suggests while the high yield is attractive and secure, it lacks drivers for substantial long-term value increase.
Tickers: $LDP
Topics: dividends income funds