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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Friday, October 16th will be paid a dividend of 0.1371 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, October 16th.

RiverNorth Capital and Income Fund has a 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 fall.

RiverNorth Capital and Income Fund Stock Up 0.2%

RSF stock opened at $14.66 on Thursday. The firm’s fifty day moving average is $14.60 and its 200 day moving average is $14.54. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $15.07.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in RiverNorth Capital and Income Fund during the 3rd quarter valued at $35,000. Equitable Holdings Inc. purchased a new position in shares of RiverNorth Capital and Income Fund in the fourth quarter valued at about $167,000. Jane Street Group LLC bought a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter valued at about $214,000. Everstar Asset Management LLC bought a new position in shares of RiverNorth Capital and Income Fund during the first quarter valued at about $466,000. Finally, TrueMark Investments LLC purchased a new stake in shares of RiverNorth Capital and Income Fund during the fourth quarter worth about $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.