LMP Capital and Income Fund Inc. (SCD) to Issue Monthly Dividend of $0.12 on August 31st

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Monday, August 24th.

LMP Capital and Income Fund Trading Down 0.6%

Shares of NYSE SCD opened at $15.32 on Friday. LMP Capital and Income Fund has a 52 week low of $13.79 and a 52 week high of $16.89. The firm has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $15.14.

Institutional Investors Weigh In On LMP Capital and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of SCD. Karpus Management Inc. acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $44,000. Kestra Advisory Services LLC acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $56,000. Blue Bell Private Wealth Management LLC acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $116,000. Readystate Asset Management LP acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $148,000. Finally, Aurora Private Wealth Inc. acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $168,000.

About LMP Capital and Income Fund

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.