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

LMP Capital and Income Fund Inc. (NYSE:SCD) announced 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) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Friday, January 23rd.

LMP Capital and Income Fund Trading Down 2.4%

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

Hedge Funds Weigh In On LMP Capital and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of LMP Capital and Income Fund by 5.9% in the first quarter. Cetera Investment Advisers now owns 12,967 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 728 shares during the last quarter. Private Advisor Group LLC grew its holdings in LMP Capital and Income Fund by 5.9% during the 1st quarter. Private Advisor Group LLC now owns 17,740 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 992 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of LMP Capital and Income Fund by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 3,856 shares during the last quarter. Compound Planning Inc. increased its position in shares of LMP Capital and Income Fund by 18.4% in the 1st quarter. Compound Planning Inc. now owns 32,934 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 5,124 shares during the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of LMP Capital and Income Fund by 16.4% in the 1st quarter. Shaker Financial Services LLC now owns 43,788 shares of the real estate investment trust’s stock valued at $703,000 after purchasing an additional 6,175 shares in 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.