RiverNorth Capital and Income Fund, Inc. (RSF) to Issue Monthly Dividend of $0.14 on January 30th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be paid a dividend of 0.1371 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Thursday, January 15th. This is a 1.0% increase from RiverNorth Capital and Income Fund’s previous monthly dividend of $0.14.

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 Stock Up 0.0%

Shares of RiverNorth Capital and Income Fund stock traded up $0.01 during trading on Tuesday, hitting $14.63. 4,622 shares of the stock were exchanged, compared to its average volume of 13,054. The stock’s fifty day moving average is $14.49 and its 200 day moving average is $14.63. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $16.02.

RiverNorth Capital and Income Fund Company Profile

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.