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

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

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 Trading Up 0.2%

RSF stock traded up $0.03 during midday trading on Friday, hitting $14.65. The company’s stock had a trading volume of 8,397 shares, compared to its average volume of 12,803. 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 50 day moving average of $14.61 and a two-hundred day moving average of $14.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSF. Palatine Hill Wealth Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at approximately $9,666,000. Nomura Holdings Inc. bought a new position in shares of RiverNorth Capital and Income Fund during the 3rd quarter valued at approximately $3,680,000. Osaic Holdings Inc. boosted its position in shares of RiverNorth Capital and Income Fund by 15.9% during the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after acquiring an additional 24,600 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of RiverNorth Capital and Income Fund during the 4th quarter valued at approximately $689,000. Finally, Everstar Asset Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the 1st quarter valued at approximately $466,000.

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.