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

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 given a dividend of 0.1371 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis 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% 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

Shares of RSF opened at $14.65 on Thursday. The company’s fifty day moving average is $14.60 and its 200-day moving average is $14.54. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $15.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Palatine Hill Wealth Management LLC bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter valued at about $9,666,000. Nomura Holdings Inc. bought a new stake in RiverNorth Capital and Income Fund during the 3rd quarter valued at approximately $3,680,000. Osaic Holdings Inc. grew 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 buying an additional 24,600 shares during the last quarter. TrueMark Investments LLC bought a new position in RiverNorth Capital and Income Fund in the 4th quarter worth approximately $689,000. Finally, Everstar Asset Management LLC acquired a new position in shares of RiverNorth Capital and Income Fund during the first quarter worth approximately $466,000.

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.