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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced 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 dividend 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 Stock Performance

Shares of RSF stock traded up $0.08 during trading hours on Friday, reaching $14.41. The company had a trading volume of 268 shares, compared to its average volume of 11,397. The business has a fifty day moving average price of $14.48 and a 200-day moving average price of $14.56. RiverNorth Capital and Income Fund has a one year low of $14.13 and a one year high of $15.07.

RiverNorth Capital and Income Fund Company Profile

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.