RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $14.28 and traded as high as $14.29. RiverNorth Capital and Income Fund shares last traded at $14.2850, with a volume of 1,847 shares trading hands.
RiverNorth Capital and Income Fund Price Performance
The company has a 50 day moving average price of $14.28 and a 200 day moving average price of $14.48.
RiverNorth Capital and Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.1371 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.65 annualized dividend and a yield of 11.5%. RiverNorth Capital and Income Fund’s dividend payout ratio (DPR) is currently 109.33%.
Institutional Trading of RiverNorth Capital and Income Fund
An institutional investor recently bought a new position in RiverNorth Capital and Income Fund stock. Equitable Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,926 shares of the company’s stock, valued at approximately $379,000.
About RiverNorth Capital and Income Fund
RiverNorth Capital and Income Fund is a closed-end investment fund managed by RiverNorth Capital Management. Rather than operating a business that sells products or services, the fund invests in a portfolio of other investment vehicles and income-producing securities. The fund seeks to provide total return through a combination of current income and capital appreciation. Its investments include closed-end funds and other income-oriented assets, giving shareholders exposure to a range of underlying investment strategies and markets.
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