RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) to Issue Monthly Dividend of $0.14

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.1371 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 1.0% increase from RiverNorth Capital and Income Fund’s previous monthly dividend of $0.14.

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 tumble.

RiverNorth Capital and Income Fund Price Performance

Shares of NYSE RSF remained flat at $14.62 during mid-day trading on Tuesday. The stock had a trading volume of 2,443 shares, compared to its average volume of 12,812. The company has a 50 day moving average price of $14.49 and a 200-day moving average price of $14.63. RiverNorth Capital and Income Fund has a 12 month low of $14.23 and a 12 month high of $16.02.

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.