LMP Capital and Income Fund Inc. (NYSE:SCD) Shareholders Set to Receive $0.13 Monthly Dividend

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, February 17th will be paid a dividend of $0.1325 per share by the real estate investment trust on Friday, February 26th. This represents a $1.59 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Wednesday, February 17th.

LMP Capital and Income Fund Stock Performance

Shares of SCD traded up $0.12 during midday trading on Tuesday, hitting $14.99. 75,300 shares of the stock traded hands, compared to its average volume of 72,278. LMP Capital and Income Fund has a 1-year low of $13.79 and a 1-year high of $16.18. The business’s 50 day moving average price is $15.26 and its two-hundred day moving average price is $15.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Z3 Capital Partners LLC grew its position in LMP Capital and Income Fund by 1.3% in the 2nd quarter. Z3 Capital Partners LLC now owns 425,705 shares of the real estate investment trust’s stock worth $6,662,000 after purchasing an additional 5,366 shares during the last quarter. Royal Bank of Canada increased its stake in shares of LMP Capital and Income Fund by 4.7% in the first quarter. Royal Bank of Canada now owns 80,692 shares of the real estate investment trust’s stock valued at $1,205,000 after purchasing an additional 3,630 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of LMP Capital and Income Fund by 1.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock valued at $996,000 after buying an additional 1,200 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of LMP Capital and Income Fund by 3.8% during the second quarter. NewEdge Advisors LLC now owns 47,911 shares of the real estate investment trust’s stock valued at $750,000 after buying an additional 1,732 shares during the last quarter. Finally, Wealth Care LLC bought a new stake in shares of LMP Capital and Income Fund during the first quarter valued at approximately $736,000.

About LMP Capital and Income Fund

LMP Capital and Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SCD. The fund seeks to provide investors with a high level of current income while also pursuing long-term growth of capital.

The fund invests in a diversified portfolio of income-producing securities and other investments. Its holdings may include common and preferred stocks, convertible securities, corporate debt, government obligations and other fixed-income instruments.