RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) declared a monthly dividend on Friday, January 2nd. Investors of record on Monday, March 16th will be given a dividend of 0.1371 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Monday, March 16th.
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 tumble.
RiverNorth Capital and Income Fund Price Performance
Shares of NYSE:RSF opened at $14.68 on Friday. The stock’s 50-day moving average price is $14.45 and its two-hundred day moving average price is $14.57. RiverNorth Capital and Income Fund has a 12-month low of $14.23 and a 12-month 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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