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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, April 1st. Investors 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 decline.

RiverNorth Capital and Income Fund Trading Up 0.3%

RSF traded up $0.05 during trading on Wednesday, hitting $14.68. 207 shares of the stock were exchanged, compared to its average volume of 13,456. RiverNorth Capital and Income Fund has a 1 year low of $14.23 and a 1 year high of $15.25. The firm has a 50 day simple moving average of $14.57 and a 200 day simple moving average of $14.53.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WFA Asset Management Corp grew its holdings in RiverNorth Capital and Income Fund by 54.5% in the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock worth $48,000 after purchasing an additional 1,090 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in RiverNorth Capital and Income Fund during the 3rd quarter worth approximately $3,680,000. Advisory Services Network LLC acquired a new position in RiverNorth Capital and Income Fund during the 3rd quarter valued at approximately $35,000. TrueMark Investments LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter worth $689,000. Finally, Palatine Hill Wealth Management LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at $9,666,000.

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.