LMP Capital and Income Fund Inc. (NYSE:SCD) to Issue Dividend of $0.12

LMP Capital and Income Fund Inc. (NYSE:SCD) declared a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be paid a dividend of 0.12 per share by the real estate investment trust on Tuesday, July 1st. This represents a dividend yield of 9.2%. The ex-dividend date is Monday, June 23rd.

LMP Capital and Income Fund Stock Down 2.1%

Shares of SCD opened at $15.68 on Tuesday. The company has a 50-day simple moving average of $15.46 and a 200-day simple moving average of $16.29. LMP Capital and Income Fund has a 52 week low of $13.35 and a 52 week high of $17.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LMP Capital and Income Fund stock. NewEdge Advisors LLC increased its holdings in LMP Capital and Income Fund Inc. (NYSE:SCD) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,340 shares of the real estate investment trust’s stock after purchasing an additional 3,856 shares during the period. NewEdge Advisors LLC’s holdings in LMP Capital and Income Fund were worth $515,000 at the end of the most recent 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.