LMP Capital and Income Fund Inc. (NYSE:SCD) declared a quarterly dividend on Thursday, May 17th, Zacks reports. Investors of record on Friday, June 22nd will be paid a dividend of 0.31 per share by the real estate investment trust on Monday, July 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.49%. The ex-dividend date is Thursday, June 21st.
LMP Capital and Income Fund has raised its dividend by an average of 3.5% per year over the last three years.
LMP Capital and Income Fund traded up $0.05, reaching $13.06, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 300 shares, compared to its average volume of 59,441. LMP Capital and Income Fund has a 12 month low of $13.04 and a 12 month high of $13.04.
LMP Capital and Income Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is total return with an emphasis on income. The Fund invests in a range of equity and fixed-income securities of both the United States and foreign issuers. It may invest in both energy and non-energy master limited partnerships (MLPs), so long as no more than 25% of the Fund’s total assets are invested in MLPs that are treated as qualified publicly traded partnerships.
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