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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Thursday, October 1st. Investors of record on Monday, November 16th will be given a dividend of $0.1371 per share on Monday, November 30th. This represents a $1.65 annualized dividend and a yield of 11.4%. The ex-dividend date is Monday, November 16th.

RiverNorth Capital and Income Fund has a payout ratio of 85.0% 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 Stock Performance

RSF traded up $0.06 during trading on Friday, hitting $14.39. The stock had a trading volume of 1,370 shares, compared to its average volume of 11,397. The company has a 50 day moving average price of $14.48 and a 200-day moving average price of $14.56. RiverNorth Capital and Income Fund has a one year low of $14.13 and a one year high of $15.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of RiverNorth Capital and Income Fund to a “hold” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

RiverNorth Capital and Income Fund Company Profile

RiverNorth Capital and Income Fund (NYSE: RSF) is a closed-end investment fund that seeks to provide a high level of current income and, secondarily, capital appreciation. The fund invests in a diversified portfolio of income-producing securities and credit-related assets.

Its portfolio may include public and private credit investments, senior secured loans, corporate debt, structured credit and other securities with income-generating potential. The fund uses a flexible investment approach that allows it to pursue opportunities across different sectors, issuers and levels of the credit market, while seeking to manage credit and interest-rate risk.

RiverNorth Capital and Income Fund is advised by RiverNorth Capital Management, LLC, an investment management firm specializing in income-oriented and alternative strategies.