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

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a dividend on Tuesday, June 17th, investing.com reports. Stockholders of record on Tuesday, June 24th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, July 1st. This represents a dividend yield of 9.2%. The ex-dividend date is Monday, June 23rd.

LMP Capital and Income Fund Stock Down 2.1%

Shares of SCD stock opened at $15.68 on Tuesday. LMP Capital and Income Fund has a 52-week low of $13.35 and a 52-week high of $17.96. The firm’s 50 day moving average price is $15.46 and its two-hundred day moving average price is $16.29.

Hedge Funds Weigh In On LMP Capital and Income Fund

A hedge fund recently raised its stake in LMP Capital and Income Fund stock. NewEdge Advisors LLC lifted its position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,340 shares of the real estate investment trust’s stock after purchasing an additional 3,856 shares during the quarter. NewEdge Advisors LLC’s holdings in LMP Capital and Income Fund were worth $515,000 at the end of the most recent reporting 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.