LMP Capital and Income Fund Inc. (NYSE:SCD) Declares $0.34 Quarterly Dividend

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a quarterly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.34 per share by the real estate investment trust on Monday, October 2nd. This represents a $1.36 annualized dividend and a yield of 10.41%. The ex-dividend date of this dividend is Thursday, September 21st.

LMP Capital and Income Fund has decreased its dividend payment by an average of 5.7% annually over the last three years.

LMP Capital and Income Fund Trading Up 1.0 %

Shares of LMP Capital and Income Fund stock opened at $13.06 on Tuesday. LMP Capital and Income Fund has a 52 week low of $10.85 and a 52 week high of $13.47. The company’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $12.46.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in shares of LMP Capital and Income Fund by 1.3% during the 4th 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 in the last quarter. Wells Fargo & Company MN boosted its position in shares of LMP Capital and Income Fund by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 306,419 shares of the real estate investment trust’s stock valued at $3,775,000 after purchasing an additional 4,724 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of LMP Capital and Income Fund by 10.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 94,725 shares of the real estate investment trust’s stock valued at $1,157,000 after purchasing an additional 9,175 shares during the period. Advisor Group Holdings Inc. increased its stake in LMP Capital and Income Fund by 10.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 92,297 shares of the real estate investment trust’s stock worth $1,111,000 after purchasing an additional 8,631 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in LMP Capital and Income Fund by 43.9% during the 1st quarter. Invesco Ltd. now owns 91,498 shares of the real estate investment trust’s stock worth $1,338,000 after buying an additional 27,923 shares during the period.

LMP Capital and Income Fund Company Profile

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.