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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.1371 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

RiverNorth Capital and Income Fund has a dividend payout ratio of 84.5% 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

RSF traded up $0.06 on Thursday, hitting $14.68. The company had a trading volume of 256 shares, compared to its average volume of 12,708. RiverNorth Capital and Income Fund has a 52-week low of $14.23 and a 52-week high of $15.07. The stock has a fifty day simple moving average of $14.60 and a 200-day simple moving average of $14.54.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.