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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.1371 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Wednesday, July 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 decline.

RiverNorth Capital and Income Fund Stock Up 0.3%

Shares of NYSE:RSF traded up $0.04 during midday trading on Thursday, hitting $14.66. The stock had a trading volume of 242 shares, compared to its average volume of 12,708. RiverNorth Capital and Income Fund has a 1 year low of $14.23 and a 1 year high of $15.07. The stock has a 50 day moving average price of $14.60 and a two-hundred day moving average price of $14.54.

RiverNorth Capital and Income Fund Company Profile

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.