RiverNorth Capital and Income Fund, Inc. (RSF) to Distribute Monthly Dividend of $0.14 on August 31st

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, August 14th will be paid a dividend of 0.1371 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Friday, August 14th.

RiverNorth Capital and Income Fund has a dividend 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 decline.

RiverNorth Capital and Income Fund Stock Performance

Shares of RSF stock opened at $14.63 on Friday. The firm has a fifty day simple moving average of $14.60 and a two-hundred day simple moving average of $14.54. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $15.07.

RiverNorth Capital and Income Fund Company Profile

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.