LMP Capital and Income Fund Inc. (NYSE:SCD) to Issue Dividend Increase – $0.13 Per Share

LMP Capital and Income Fund Inc. (NYSE:SCD) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.1325 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.59 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Wednesday, December 23rd. This is a 10.4% increase from LMP Capital and Income Fund’s previous monthly dividend of $0.12.

LMP Capital and Income Fund Price Performance

Shares of NYSE:SCD traded up $0.12 during trading on Tuesday, hitting $14.99. 75,300 shares of the stock were exchanged, compared to its average volume of 72,278. The company has a fifty day moving average price of $15.26 and a two-hundred day moving average price of $15.33. LMP Capital and Income Fund has a 12-month low of $13.79 and a 12-month high of $16.18.

Hedge Funds Weigh In On LMP Capital and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First National Trust Co purchased a new position in LMP Capital and Income Fund during the second quarter worth $181,000. World Investment Advisors acquired a new position in shares of LMP Capital and Income Fund in the fourth quarter worth $201,000. Fifth Third Bancorp acquired a new position in shares of LMP Capital and Income Fund in the first quarter worth $276,000. NWF Advisory Services Inc. lifted its position in shares of LMP Capital and Income Fund by 6.6% in the first quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of LMP Capital and Income Fund by 2.6% in the first quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock valued at $389,000 after acquiring an additional 661 shares in the last quarter.

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.