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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.1371 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, May 15th.

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

RiverNorth Capital and Income Fund Price Performance

Shares of RiverNorth Capital and Income Fund stock traded up $0.05 on Wednesday, hitting $14.68. The company’s stock had a trading volume of 3,079 shares, compared to its average volume of 13,309. RiverNorth Capital and Income Fund has a 52-week low of $14.23 and a 52-week high of $15.25. The firm has a fifty day moving average price of $14.57 and a 200-day moving average price of $14.53.

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.