LMP Capital and Income Fund Inc. (SCD) to Issue Monthly Dividend of $0.11 on May 1st

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.113 per share by the real estate investment trust on Wednesday, May 1st. This represents a $1.36 dividend on an annualized basis and a yield of 9.46%. The ex-dividend date is Monday, April 22nd.

LMP Capital and Income Fund has raised its dividend payment by an average of 0.3% annually over the last three years.

LMP Capital and Income Fund Stock Down 0.6 %

SCD opened at $14.34 on Friday. The company has a fifty day moving average price of $14.67 and a two-hundred day moving average price of $13.63. LMP Capital and Income Fund has a 52 week low of $11.33 and a 52 week high of $15.90.

Institutional Trading of LMP Capital and Income Fund

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its holdings in LMP Capital and Income Fund by 9.2% during the 2nd quarter. LPL Financial LLC now owns 27,379 shares of the real estate investment trust’s stock worth $337,000 after acquiring an additional 2,305 shares during the period. UBS Group AG grew its holdings in LMP Capital and Income Fund by 5.4% during the 4th quarter. UBS Group AG now owns 23,475 shares of the real estate investment trust’s stock worth $329,000 after acquiring an additional 1,210 shares during the period. Bank of America Corp DE grew its holdings in shares of LMP Capital and Income Fund by 8.6% in the 1st quarter. Bank of America Corp DE now owns 22,357 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 1,768 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of LMP Capital and Income Fund in the 3rd quarter valued at $269,000. Finally, Walleye Capital LLC acquired a new position in shares of LMP Capital and Income Fund in the 1st quarter valued at $158,000.

LMP Capital and Income Fund Company Profile

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.