RiverNorth Capital and Income Fund, Inc. to Issue Monthly Dividend of $0.14 (NYSE:RSF)

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.1371 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Monday, June 15th.

RiverNorth Capital and Income Fund has a dividend payout ratio of 84.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

RiverNorth Capital and Income Fund Price Performance

RSF stock traded up $0.03 during mid-day trading on Friday, reaching $14.65. The company had a trading volume of 8,397 shares, compared to its average volume of 12,803. The firm has a fifty day simple moving average of $14.61 and a 200 day simple moving average of $14.53. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $15.07.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds have recently added to or reduced their stakes in RSF. Everstar Asset Management LLC acquired a new position in RiverNorth Capital and Income Fund during the 1st quarter worth approximately $466,000. Equitable Holdings Inc. acquired a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at $167,000. Osaic Holdings Inc. raised its holdings in shares of RiverNorth Capital and Income Fund by 15.9% in the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after purchasing an additional 24,600 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter worth $214,000. Finally, Palatine Hill Wealth Management LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the 4th quarter worth $9,666,000.

About RiverNorth Capital and Income Fund

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment company managed by RiverNorth Capital Management, LLC. The fund seeks to provide shareholders with a combination of current income and capital appreciation by employing a flexible, unconstrained fixed-income strategy. RSF invests across a broad spectrum of debt and convertible securities, aiming to capitalize on relative value opportunities in both interest-rate and credit markets.

The fund’s portfolio typically includes high-yield corporate bonds, bank loans, convertible securities, preferred stocks and other debt instruments.