LMP Capital and Income Fund Inc. (SCD) to Issue Monthly Dividend of $0.12 on May 29th

LMP Capital and Income Fund Inc. (NYSE:SCD) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, May 21st.

LMP Capital and Income Fund Stock Performance

LMP Capital and Income Fund stock opened at $15.75 on Wednesday. The company has a 50-day moving average price of $15.37 and a 200 day moving average price of $15.22. LMP Capital and Income Fund has a 12-month low of $13.35 and a 12-month high of $17.17.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of hedge funds have recently modified their holdings of the business. Cornerstone Advisors LLC boosted its stake in LMP Capital and Income Fund by 660.1% during the third quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock worth $4,648,000 after buying an additional 259,910 shares during the period. Absolute Investment Advisers LLC acquired a new position in LMP Capital and Income Fund during the third quarter worth $2,692,000. Wolverine Asset Management LLC boosted its position in shares of LMP Capital and Income Fund by 648.2% during the fourth 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 period. Landscape Capital Management L.L.C. acquired a new stake in shares of LMP Capital and Income Fund in the third quarter valued at $1,421,000. Finally, Wells Fargo & Company MN raised its holdings in shares of LMP Capital and Income Fund by 35.3% in the 4th quarter. Wells Fargo & Company MN now owns 264,820 shares of the real estate investment trust’s stock valued at $3,922,000 after buying an additional 69,084 shares during the period.

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.