RiverNorth Capital and Income Fund, Inc. (RSF) To Go Ex-Dividend on November 16th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.1371 per share on Monday, November 30th. This represents a $1.65 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Monday, November 16th.

RiverNorth Capital and Income Fund has a payout ratio of 85.0% 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

NYSE:RSF opened at $14.32 on Friday. The firm’s fifty day simple moving average is $14.47 and its 200 day simple moving average is $14.56. RiverNorth Capital and Income Fund has a twelve month low of $14.13 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 fund that seeks to provide a high level of current income and, secondarily, capital appreciation. The fund invests in a diversified portfolio of income-producing securities and credit-related assets.

Its portfolio may include public and private credit investments, senior secured loans, corporate debt, structured credit and other securities with income-generating potential. The fund uses a flexible investment approach that allows it to pursue opportunities across different sectors, issuers and levels of the credit market, while seeking to manage credit and interest-rate risk.

RiverNorth Capital and Income Fund is advised by RiverNorth Capital Management, LLC, an investment management firm specializing in income-oriented and alternative strategies.