RiverNorth Capital and Income Fund, Inc. (RSF) To Go Ex-Dividend on July 15th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1371 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Wednesday, July 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 fall.

RiverNorth Capital and Income Fund Trading Down 0.1%

NYSE:RSF opened at $14.63 on Friday. The stock has a 50-day moving average price of $14.60 and a 200 day moving average price of $14.54. RiverNorth Capital and Income Fund has a 12-month low of $14.23 and a 12-month high of $15.07.

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.