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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.1371 per share on Thursday, December 31st. This represents a $1.65 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Tuesday, December 15th.

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

RiverNorth Capital and Income Fund stock opened at $14.32 on Friday. The company’s 50-day moving average price is $14.47 and its two-hundred day moving average price is $14.56. RiverNorth Capital and Income Fund has a twelve month low of $14.13 and a twelve month high of $15.07.

Institutional Trading of RiverNorth Capital and Income Fund

Several large investors have recently modified their holdings of the stock. CoreCap Advisors LLC bought a new position in shares of RiverNorth Capital and Income Fund in the second quarter worth $95,000. Equitable Holdings Inc. bought a new position in RiverNorth Capital and Income Fund in the 2nd quarter valued at about $379,000. Finally, Everstar Asset Management LLC bought a new position in RiverNorth Capital and Income Fund in the first quarter valued at approximately $466,000.

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.