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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSFGet Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, August 14th will be given a dividend of 0.1371 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Friday, August 14th.

RiverNorth Capital and Income Fund has a dividend payout ratio of 84.5% meaning 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 0.2%

RSF opened at $14.65 on Thursday. The firm has a fifty day moving average price of $14.60 and a 200 day moving average price of $14.54. RiverNorth Capital and Income Fund has a 1 year low of $14.23 and a 1 year high of $15.07.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on RSF

About RiverNorth Capital and Income Fund

(Get Free Report)

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.

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Dividend History for RiverNorth Capital and Income Fund (NYSE:RSF)

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