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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, March 16th will be paid a dividend of 0.1371 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Monday, March 16th.

RiverNorth Capital and Income Fund has a 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 fall.

RiverNorth Capital and Income Fund Stock Performance

Shares of RSF stock opened at $14.68 on Friday. RiverNorth Capital and Income Fund has a 52-week low of $14.23 and a 52-week high of $16.02. The stock’s 50-day moving average price is $14.45 and its 200 day moving average price is $14.57.

About RiverNorth Capital and Income Fund

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.