LMP Capital and Income Fund Inc. (NYSE:SCD – Get Free Report) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.12 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, March 24th.
LMP Capital and Income Fund Stock Performance
Shares of NYSE:SCD opened at $15.62 on Tuesday. The company’s 50 day moving average price is $15.35 and its two-hundred day moving average price is $15.22. LMP Capital and Income Fund has a 12-month low of $13.35 and a 12-month high of $17.30.
Hedge Funds Weigh In On LMP Capital and Income Fund
A number of hedge funds have recently added to or reduced their stakes in the stock. Karpus Management Inc. bought a new stake in shares of LMP Capital and Income Fund during the 4th quarter valued at $44,000. Kestra Advisory Services LLC bought a new stake in LMP Capital and Income Fund during the fourth quarter worth about $56,000. Blue Bell Private Wealth Management LLC acquired a new stake in LMP Capital and Income Fund during the fourth quarter worth about $116,000. Readystate Asset Management LP acquired a new position in shares of LMP Capital and Income Fund in the 4th quarter valued at approximately $148,000. Finally, Aurora Private Wealth Inc. bought a new stake in shares of LMP Capital and Income Fund during the 4th quarter worth approximately $168,000.
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.
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