RiverNorth Capital and Income Fund, Inc. (RSF) to Issue Monthly Dividend of $0.14 on February 27th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.1371 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Friday, February 13th.

RiverNorth Capital and Income Fund has a dividend payout ratio of 91.2% 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 Trading Down 0.2%

Shares of RiverNorth Capital and Income Fund stock traded down $0.02 during trading on Wednesday, hitting $14.41. 12,562 shares of the company were exchanged, compared to its average volume of 13,709. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $16.02. The firm has a 50 day moving average price of $14.49 and a 200 day moving average price of $14.62.

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.