RiverNorth Capital and Income Fund, Inc. (RSF) To Go Ex-Dividend on October 16th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Friday, October 16th will be paid a dividend of 0.1371 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Friday, October 16th.

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 tumble.

RiverNorth Capital and Income Fund Stock Performance

RSF opened at $14.63 on Friday. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $15.07. The company has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $14.54.

Analyst Ratings Changes

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

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.