LMP Capital and Income Fund Inc. (NYSE:SCD) declared a quarterly dividend on Thursday, February 21st, Wall Street Journal reports. Investors of record on Friday, March 22nd will be paid a dividend of 0.31 per share by the real estate investment trust on Monday, April 1st. This represents a $1.24 annualized dividend and a dividend yield of 9.75%. The ex-dividend date of this dividend is Thursday, March 21st.
LMP Capital and Income Fund has raised its dividend payment by an average of 2.5% annually over the last three years.
NYSE:SCD traded down $0.02 during trading hours on Thursday, reaching $12.72. 32,181 shares of the company were exchanged, compared to its average volume of 52,237. LMP Capital and Income Fund has a 52-week low of $9.83 and a 52-week high of $14.27.
In other LMP Capital and Income Fund news, CEO Terrence Murphy sold 3,029 shares of the stock in a transaction that occurred on Monday, December 31st. The shares were sold at an average price of $10.66, for a total transaction of $32,289.14. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 6,610 shares of company stock worth $71,434.
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About LMP Capital and Income Fund
LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.
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