LMP Capital and Income Fund Inc. (NYSE:SCD) Plans Dividend Increase – $0.12 Per Share

LMP Capital and Income Fund Inc. (NYSE:SCD) declared a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.12 per share by the real estate investment trust on Monday, June 2nd. This represents a $1.44 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Thursday, May 22nd. This is an increase from LMP Capital and Income Fund’s previous monthly dividend of $0.11.

LMP Capital and Income Fund Price Performance

Shares of SCD opened at $17.38 on Friday. The company’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $17.00. LMP Capital and Income Fund has a 1 year low of $13.87 and a 1 year high of $17.96.

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.