RiverNorth Capital and Income Fund, Inc. (RSF) to Issue Monthly Dividend of $0.14 on February 27th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.1371 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Friday, February 13th.

RiverNorth Capital and Income Fund has a payout ratio of 91.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

RiverNorth Capital and Income Fund Stock Down 0.2%

NYSE:RSF traded down $0.03 during midday trading on Wednesday, hitting $14.41. The stock had a trading volume of 12,680 shares, compared to its average volume of 13,709. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $16.02. The stock has a 50-day moving average of $14.49 and a 200 day moving average of $14.62.

Institutional Trading of RiverNorth Capital and Income Fund

Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in RiverNorth Capital and Income Fund in the 3rd quarter worth $35,000. WFA Asset Management Corp raised its holdings in shares of RiverNorth Capital and Income Fund by 54.5% during the third quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock worth $48,000 after purchasing an additional 1,090 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in RiverNorth Capital and Income Fund during the third quarter worth about $193,000. TrueMark Investments LLC purchased a new position in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at about $689,000. Finally, Nomura Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund during the third quarter worth $3,680,000.

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.