LMP Capital and Income Fund Inc. Announces Monthly Dividend of $0.12 (NYSE:SCD)

LMP Capital and Income Fund Inc. (NYSE:SCD) declared a monthly dividend on Thursday, November 20th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Friday, January 23rd.

LMP Capital and Income Fund Price Performance

Shares of NYSE SCD traded down $0.34 during trading on Thursday, reaching $13.95. The stock had a trading volume of 134,480 shares, compared to its average volume of 72,880. LMP Capital and Income Fund has a one year low of $13.35 and a one year high of $17.90. The firm’s 50 day moving average price is $15.23 and its two-hundred day moving average price is $15.44.

Institutional Trading of LMP Capital and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of SCD. Cornerstone Advisors LLC grew its position in shares of LMP Capital and Income Fund by 660.1% during the 3rd quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock valued at $4,648,000 after buying an additional 259,910 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in LMP Capital and Income Fund in the third quarter valued at approximately $2,692,000. Landscape Capital Management L.L.C. acquired a new position in LMP Capital and Income Fund in the third quarter valued at approximately $1,421,000. Raymond James Financial Inc. grew its holdings in shares of LMP Capital and Income Fund by 2.1% during the first quarter. Raymond James Financial Inc. now owns 1,975,006 shares of the real estate investment trust’s stock valued at $31,462,000 after purchasing an additional 40,570 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of LMP Capital and Income Fund during the 1st quarter worth approximately $643,000.

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.