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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Friday, August 14th will be given a dividend of 0.1371 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, August 14th.

RiverNorth Capital and Income Fund has a dividend payout ratio of 84.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

RiverNorth Capital and Income Fund Stock Performance

RiverNorth Capital and Income Fund stock opened at $14.65 on Thursday. RiverNorth Capital and Income Fund has a 1-year low of $14.23 and a 1-year high of $15.07. The stock’s fifty day moving average is $14.60 and its two-hundred day moving average is $14.54.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

A number of large investors have recently bought and sold shares of RSF. TrueMark Investments LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter worth $689,000. Palatine Hill Wealth Management LLC purchased a new position in RiverNorth Capital and Income Fund during the fourth quarter worth about $9,666,000. Nomura Holdings Inc. acquired a new stake in RiverNorth Capital and Income Fund in the third quarter valued at about $3,680,000. Osaic Holdings Inc. boosted its holdings in RiverNorth Capital and Income Fund by 15.9% in the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock valued at $2,574,000 after purchasing an additional 24,600 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in RiverNorth Capital and Income Fund during the 4th quarter worth approximately $214,000.

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.