RiverNorth Capital and Income Fund, Inc. (RSF) To Go Ex-Dividend on May 15th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, April 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.1371 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Friday, May 15th.

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 fall.

RiverNorth Capital and Income Fund Price Performance

NYSE:RSF traded up $0.07 during trading hours on Wednesday, hitting $14.70. 3,109 shares of the company traded hands, compared to its average volume of 13,320. The firm’s 50-day simple moving average is $14.57 and its 200-day simple moving average is $14.53. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $15.25.

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.