LMP Capital and Income Fund Inc. (SCD) to Issue Quarterly Dividend of $0.31
LMP Capital and Income Fund Inc. (NYSE:SCD) declared a quarterly dividend on Tuesday, November 14th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be paid a dividend of 0.31 per share by the real estate investment trust on Friday, December 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date is Thursday, December 21st.
LMP Capital and Income Fund has increased its dividend by an average of 3.5% annually over the last three years.
Shares of LMP Capital and Income Fund (NYSE:SCD) traded down $0.08 on Tuesday, reaching $13.83. The company had a trading volume of 28,300 shares, compared to its average volume of 53,058. LMP Capital and Income Fund has a twelve month low of $12.42 and a twelve month high of $14.80.
About LMP Capital and Income Fund
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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