LMP Capital and Income Fund Inc. (NYSE:SCD) to Issue Monthly Dividend of $0.11

LMP Capital and Income Fund Inc. (NYSE:SCD) declared a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.113 per share by the real estate investment trust on Friday, December 1st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend is Tuesday, November 21st.

LMP Capital and Income Fund has decreased its dividend payment by an average of 5.7% per year over the last three years.

LMP Capital and Income Fund Trading Up 0.6 %

Shares of SCD stock opened at $12.75 on Monday. LMP Capital and Income Fund has a 12 month low of $11.28 and a 12 month high of $13.47. The stock has a 50-day moving average price of $12.34 and a 200 day moving average price of $12.51.

Hedge Funds Weigh In On LMP Capital and Income Fund

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in LMP Capital and Income Fund by 1.3% in the 3rd quarter. Royal Bank of Canada now owns 80,317 shares of the real estate investment trust’s stock valued at $1,004,000 after acquiring an additional 1,053 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of LMP Capital and Income Fund by 7.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 30,086 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 1,984 shares during the last quarter. LPL Financial LLC increased its position in shares of LMP Capital and Income Fund by 10.2% during the 3rd quarter. LPL Financial LLC now owns 27,074 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 2,514 shares during the last quarter. UBS Group AG increased its position in shares of LMP Capital and Income Fund by 117.7% during the 3rd quarter. UBS Group AG now owns 22,265 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 12,037 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of LMP Capital and Income Fund by 10.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 94,725 shares of the real estate investment trust’s stock worth $1,157,000 after purchasing an additional 9,175 shares during the last quarter.

About LMP Capital and Income Fund

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.