LMP Capital and Income Fund Inc. (NYSE:SCD) Declares $0.11 Monthly Dividend

LMP Capital and Income Fund Inc. (NYSE:SCD) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Wednesday, January 24th will be paid a dividend of 0.113 per share by the real estate investment trust on Thursday, February 1st. This represents a $1.36 annualized dividend and a yield of 10.71%. The ex-dividend date of this dividend is Tuesday, January 23rd.

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 Stock Performance

Shares of SCD stock opened at $12.66 on Thursday. LMP Capital and Income Fund has a fifty-two week low of $11.28 and a fifty-two week high of $13.47. The business has a fifty day simple moving average of $12.36 and a 200-day simple moving average of $12.50.

Hedge Funds Weigh In On LMP Capital and Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Almitas Capital LLC acquired a new stake in shares of LMP Capital and Income Fund in the fourth quarter valued at approximately $67,000. UBS Group AG grew its holdings in LMP Capital and Income Fund by 17.8% during the 1st quarter. UBS Group AG now owns 6,609 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 1,001 shares during the last quarter. Walleye Capital LLC purchased a new position in LMP Capital and Income Fund during the first quarter worth $158,000. Susquehanna International Group LLP acquired a new position in shares of LMP Capital and Income Fund in the fourth quarter worth $157,000. Finally, Bank of America Corp DE raised its holdings in shares of LMP Capital and Income Fund by 4.5% in the fourth quarter. Bank of America Corp DE now owns 20,589 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 895 shares during the last 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.