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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1371 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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 Price Performance

NYSE RSF opened at $14.66 on Thursday. RiverNorth Capital and Income Fund has a 12-month low of $14.23 and a 12-month high of $15.07. The firm has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $14.54.

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.