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

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Thursday, May 14th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Tuesday, June 23rd.

LMP Capital and Income Fund Stock Up 1.1%

SCD stock traded up $0.18 during trading on Thursday, reaching $15.42. The company had a trading volume of 33,334 shares, compared to its average volume of 73,849. The firm has a 50-day simple moving average of $15.17 and a 200-day simple moving average of $15.14. LMP Capital and Income Fund has a twelve month low of $13.79 and a twelve month high of $16.89.

Hedge Funds Weigh In On LMP Capital and Income Fund

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in LMP Capital and Income Fund during the 4th quarter worth approximately $970,000. Shaker Financial Services LLC raised its position in LMP Capital and Income Fund by 341.1% during the 4th quarter. Shaker Financial Services LLC now owns 83,807 shares of the real estate investment trust’s stock worth $1,241,000 after buying an additional 64,807 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in LMP Capital and Income Fund by 48.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock worth $3,075,000 after buying an additional 66,224 shares during the last quarter. Wolverine Asset Management LLC raised its position in LMP Capital and Income Fund by 648.2% during the 4th quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock worth $2,832,000 after buying an additional 165,675 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in LMP Capital and Income Fund during the 4th quarter worth approximately $540,000.

About LMP Capital and Income Fund

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.