RiverNorth Capital and Income Fund, Inc. (RSF) To Go Ex-Dividend on August 14th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Wednesday, July 1st. Shareholders 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 11.3%. The ex-dividend date is Friday, August 14th.

RiverNorth Capital and Income Fund has a payout ratio of 91.7% 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 Stock Performance

Shares of RiverNorth Capital and Income Fund stock opened at $14.57 on Wednesday. The business has a 50-day moving average price of $14.59 and a 200-day moving average price of $14.55. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $15.07.

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.