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

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid 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 dividend yield of 9.46%. The ex-dividend date of this dividend is Monday, April 22nd.

LMP Capital and Income Fund has increased its dividend by an average of 0.3% per year over the last three years.

LMP Capital and Income Fund Stock Down 0.6 %

Shares of LMP Capital and Income Fund stock opened at $14.34 on Friday. The company has a 50 day moving average of $14.67 and a 200-day moving average of $13.63. LMP Capital and Income Fund has a 1-year low of $11.33 and a 1-year high of $15.90.

Hedge Funds Weigh In On LMP Capital and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCD. UBS Group AG lifted its stake in LMP Capital and Income Fund by 48.5% in the 1st quarter. UBS Group AG now owns 6,999 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 2,287 shares during the last quarter. Invesco Ltd. lifted its stake in LMP Capital and Income Fund by 43.9% in the 1st quarter. Invesco Ltd. now owns 91,498 shares of the real estate investment trust’s stock valued at $1,338,000 after purchasing an additional 27,923 shares during the last quarter. Guggenheim Capital LLC lifted its stake in LMP Capital and Income Fund by 3.9% in the 1st quarter. Guggenheim Capital LLC now owns 61,452 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 2,288 shares during the last quarter. Royal Bank of Canada lifted its stake in LMP Capital and Income Fund by 2.8% in the 1st quarter. Royal Bank of Canada now owns 66,834 shares of the real estate investment trust’s stock valued at $977,000 after purchasing an additional 1,851 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in LMP Capital and Income Fund in the 1st quarter valued at approximately $158,000.

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.