LMP Capital and Income Fund Inc. (NYSE:SCD) to Issue Monthly Dividend of $0.13

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.1325 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.59 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, December 23rd. This is a 10.4% increase from LMP Capital and Income Fund’s previous monthly dividend of $0.12.

LMP Capital and Income Fund Price Performance

Shares of NYSE:SCD traded up $0.12 during midday trading on Tuesday, reaching $14.99. The company’s stock had a trading volume of 75,300 shares, compared to its average volume of 72,278. LMP Capital and Income Fund has a 1 year low of $13.79 and a 1 year high of $16.18. The business has a 50 day moving average price of $15.26 and a 200 day moving average price of $15.33.

Institutional Trading of LMP Capital and Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Wealth Care LLC purchased a new stake in LMP Capital and Income Fund in the 1st quarter valued at about $736,000. World Investment Advisors acquired a new position in shares of LMP Capital and Income Fund during the 4th quarter valued at about $201,000. First National Trust Co acquired a new position in shares of LMP Capital and Income Fund during the 2nd quarter valued at about $181,000. Z3 Capital Partners LLC lifted its holdings in shares of LMP Capital and Income Fund by 1.3% during the 2nd quarter. Z3 Capital Partners LLC now owns 425,705 shares of the real estate investment trust’s stock worth $6,662,000 after acquiring an additional 5,366 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of LMP Capital and Income Fund by 9.9% during the 1st quarter. NewEdge Advisors LLC now owns 46,179 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 4,172 shares during the period.

About LMP Capital and Income Fund

LMP Capital and Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SCD. The fund seeks to provide investors with a high level of current income while also pursuing long-term growth of capital.

The fund invests in a diversified portfolio of income-producing securities and other investments. Its holdings may include common and preferred stocks, convertible securities, corporate debt, government obligations and other fixed-income instruments.