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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Friday, January 2nd. Shareholders 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 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% meaning 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 NYSE:RSF traded down $0.01 on Wednesday, reaching $14.43. 8,414 shares of the company’s stock were exchanged, compared to its average volume of 13,560. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $16.02. The company has a fifty day moving average of $14.49 and a 200-day moving average of $14.62.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Absolute Investment Advisers LLC bought a new stake in RiverNorth Capital and Income Fund during the third quarter worth about $193,000. WFA Asset Management Corp increased its holdings in RiverNorth Capital and Income Fund by 54.5% in the 3rd quarter. WFA Asset Management Corp now owns 3,090 shares of the company’s stock valued at $48,000 after buying an additional 1,090 shares during the period. Nomura Holdings Inc. acquired a new position in shares of RiverNorth Capital and Income Fund in the 3rd quarter valued at approximately $3,680,000. Advisory Services Network LLC acquired a new stake in shares of RiverNorth Capital and Income Fund during the 3rd quarter worth approximately $35,000. Finally, TrueMark Investments LLC bought a new position in RiverNorth Capital and Income Fund in the fourth quarter valued at approximately $689,000.

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.