LMP Capital and Income Fund (NYSE:SCD) Share Price Passes Above 50-Day Moving Average of $12.08

LMP Capital and Income Fund Inc. (NYSE:SCD – Get Rating)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.08 and traded as high as $12.24. LMP Capital and Income Fund shares last traded at $11.99, with a volume of 15,032 shares traded.

LMP Capital and Income Fund Price Performance

The business has a 50-day moving average of $12.08 and a 200 day moving average of $12.30.

LMP Capital and Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a $1.04 annualized dividend and a yield of 8.67%.

Institutional Investors Weigh In On LMP Capital and Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in LMP Capital and Income Fund by 1.5% during the first quarter. Raymond James & Associates now owns 889,718 shares of the real estate investment trust’s stock worth $10,863,000 after acquiring an additional 12,853 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in LMP Capital and Income Fund by 1.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 757,016 shares of the real estate investment trust’s stock worth $9,243,000 after acquiring an additional 10,767 shares during the last quarter. Advisors Asset Management Inc. increased its stake in LMP Capital and Income Fund by 4.3% during the fourth quarter. Advisors Asset Management Inc. now owns 719,259 shares of the real estate investment trust’s stock worth $8,660,000 after acquiring an additional 29,681 shares during the last quarter. Morgan Stanley increased its stake in LMP Capital and Income Fund by 1.3% during the fourth quarter. Morgan Stanley now owns 525,079 shares of the real estate investment trust’s stock worth $6,322,000 after acquiring an additional 6,804 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in LMP Capital and Income Fund by 1.6% during the second quarter. Wells Fargo & Company MN now owns 306,419 shares of the real estate investment trust’s stock worth $3,775,000 after acquiring an additional 4,724 shares during the last quarter.

LMP Capital and Income Fund Company Profile

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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.