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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.1371 per share on Thursday, December 31st. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Tuesday, December 15th.

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 decline.

RiverNorth Capital and Income Fund Price Performance

Shares of NYSE RSF traded up $0.06 during mid-day 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 of $14.48 and a two-hundred day moving average of $14.56. RiverNorth Capital and Income Fund has a twelve month low of $14.13 and a twelve month high of $15.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised RiverNorth Capital and Income Fund to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About RiverNorth Capital and Income Fund

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.