SCD

LMP Capital and Income Fund
SCD

$17.43

1.02%

Market Cap: $299M

About: Lmp Capital & Income Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is total return with an emphasis on income. The fund invests in a broad range of equity and fixed-income securities of both the U.S. and foreign issuers. Its long-term investments consists of investments in common stocks, convertible preferred stocks, investments in underlying funds and master limited partnerships.

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1.46% less ownership

Funds ownership: 25.69% [Q1] → 24.23% (-1.46%) [Q2]

2% less funds holding

Funds holding: 42 [Q1] → 41 (-1) [Q2]

11% less capital invested

Capital invested by funds: $72.3M [Q1] → $64.3M (-$7.96M) [Q2]

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

38% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 16

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Research analyst outlook

We haven’t received any recent analyst ratings for SCD.

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Financial journalist opinion

24/7 Wall Street

Need $15,000 Passive Income? Buy These Dividend Stocks

24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

Need $15,000 Passive Income? Buy These Dividend Stocks

SCD: Tech And MLP Leaning CEF Providing A Steady Monthly Distribution

LMP Capital and Income Fund offers a fairly diversified portfolio but with a tilt toward more unique allocations emphasizing technology and energy sectors. The fund has outperformed the S&P 500 Index since our last update, but long-term performance has been mixed as energy struggled for years. The fund shifted to a monthly distribution schedule since our last update, which is generally more favorable to income-focused investors.

SCD: Tech And MLP Leaning CEF Providing A Steady Monthly Distribution

SCD: Fund With 8.75% Reliable Income For The Long Term, But A Bit Expensive

LMP Capital and Income Fund Inc is mostly an equity fund that is focused on energy (MLPs) and technology stocks. However, shares had a decent run in 2024 with nearly 17% total return year-to-date, making them a bit overvalued. The SCD closed-end fund currently provides a reasonably high yield of 8.7% plus; however, it uses a moderate level of leverage, roughly 20% of total assets. SCD has a decent long-term record of over 20 years. Moreover, it has outperformed most similar funds during the last 3, 5, and 10 years. Having an outsized exposure to technology stocks and energy via MLPs at the same time gives it a unique blend of income and growth, at the same time.

SCD: Fund With 8.75% Reliable Income For The Long Term, But A Bit Expensive

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

SCD: Still A Good Fund, But The Buy Case Is Weakening (Rating Downgrade)

LMP Capital and Income Fund offers high current income from equities with an 8.75% yield, higher than most market indices. The fund invests in equities, providing inflation protection, but its yield is lower compared to peers in the Hybrid-Global Allocation category. The Fund's leverage is reasonable at 19.95% of assets, distributions are sustainable, and shares trade at an 8.69% discount to net asset value.

SCD: Still A Good Fund, But The Buy Case Is Weakening (Rating Downgrade)

LMP Capital and Income Fund Inc. (NYSE: SCD) Announces Portfolio Management Team Update

NEW YORK--(BUSINESS WIRE)--Effective June 3, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows: ClearBridge Peter Vanderlee Patrick McElroy Tatiana Thibodeau Eades Western Asset Michael Buchanan Ryan Brist Christopher Kilpatrick Mark Lindbloom Also as of June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund. Data and commentary provided in this press release are for informational purposes only. Franklin Resourc.

LMP Capital and Income Fund Inc. (NYSE: SCD) Announces Portfolio Management Team Update

LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

5 Best CEFs This Month For A 10% Yield (May 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For A 10% Yield (May 2024)

LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

SCD: Interesting Equity Portfolio, A Fund To Keep In The Watchlist

LMP Capital and Income Fund has delivered strong performance, outperforming the benchmark and peer group. The fund's portfolio is well-positioned to navigate the current macroeconomic environment, with a positive sector exposure. The fund's discount to NAV is near historical highs, making shares more vulnerable, but it is still worth keeping an eye on.

SCD: Interesting Equity Portfolio, A Fund To Keep In The Watchlist

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