Insider Selling: LMP Capital and Income Fund Inc. (SCD) Director Sells 7,200 Shares of Stock

LMP Capital and Income Fund Inc. (NYSE:SCD) Director William R. Hutchinson sold 7,200 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $14.15, for a total value of $101,880.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

LMP Capital and Income Fund Inc. (NYSE:SCD) traded up $0.03 on Thursday, hitting $14.14. The stock had a trading volume of 90,263 shares, compared to its average volume of 94,500. LMP Capital and Income Fund Inc. has a 12 month low of $13.21 and a 12 month high of $14.80.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend was Thursday, December 21st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCD. Wells Fargo & Company MN grew its holdings in shares of LMP Capital and Income Fund by 11.5% during the 3rd quarter. Wells Fargo & Company MN now owns 959,518 shares of the real estate investment trust’s stock worth $13,952,000 after purchasing an additional 98,896 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of LMP Capital and Income Fund by 16.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 425,246 shares of the real estate investment trust’s stock worth $6,183,000 after purchasing an additional 60,408 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of LMP Capital and Income Fund by 25.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 296,453 shares of the real estate investment trust’s stock worth $4,310,000 after purchasing an additional 59,383 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of LMP Capital and Income Fund by 31.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 36,256 shares of the real estate investment trust’s stock worth $516,000 after purchasing an additional 8,706 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of LMP Capital and Income Fund by 10.6% during the 2nd quarter. Royal Bank of Canada now owns 51,032 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 4,891 shares in the last quarter.

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LMP Capital and Income Fund Company Profile

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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