RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.1371 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Tuesday, September 15th.
RiverNorth Capital and Income Fund has a dividend payout ratio of 85.0% 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 Trading Down 0.3%
Shares of RSF opened at $14.46 on Friday. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $15.07. The firm’s 50-day simple moving average is $14.54 and its 200 day simple moving average is $14.56.
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.
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