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

by · The Markets Daily

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) declared a monthly dividend on Thursday, October 1st. Shareholders 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 dividend on an annualized basis 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 Trading Up 0.6%

RiverNorth Capital and Income Fund stock traded up $0.08 during midday trading on Friday, reaching $14.41. The company had a trading volume of 268 shares, compared to its average volume of 11,397. RiverNorth Capital and Income Fund has a 12-month low of $14.13 and a 12-month high of $15.07. The firm’s fifty day simple moving average is $14.48 and its 200-day simple moving average is $14.56.

About RiverNorth Capital and Income Fund

(Get Free Report)

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.

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