LMP Capital and Income Fund Inc. (NYSE:SCD) Raises Dividend to $0.12 Per Share

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Thursday, May 22nd will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, June 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is Thursday, May 22nd. This is an increase from LMP Capital and Income Fund’s previous monthly dividend of $0.11.

LMP Capital and Income Fund Stock Down 1.6 %

Shares of SCD stock opened at $17.10 on Friday. The stock has a 50-day moving average of $17.11 and a 200-day moving average of $17.02. LMP Capital and Income Fund has a one year low of $14.06 and a one year high of $17.96.

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.