RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.1371 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Thursday, January 15th. This is a 1.0% increase from RiverNorth Capital and Income Fund’s previous monthly dividend of $0.14.
RiverNorth Capital and Income Fund has a 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 tumble.
RiverNorth Capital and Income Fund Stock Performance
Shares of NYSE:RSF remained flat at $14.62 during trading hours on Tuesday. 2,460 shares of the stock traded hands, compared to its average volume of 12,943. The company’s 50 day simple moving average is $14.49 and its two-hundred day simple moving average is $14.63. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $16.02.
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.
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