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

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

RiverNorth Capital and Income Fund has a 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 tumble.

RiverNorth Capital and Income Fund Stock Performance

Shares of NYSE:RSF opened at $14.65 on Thursday. The firm has a 50 day simple moving average of $14.60 and a 200 day simple moving average of $14.54. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $15.07.

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.