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 Wednesday, April 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.1371 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Monday, June 15th.

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 Stock Up 0.2%

RSF traded up $0.03 during trading on Friday, reaching $14.65. The company had a trading volume of 8,397 shares, compared to its average volume of 12,803. The business has a 50 day simple moving average of $14.61 and a 200-day simple moving average of $14.53. RiverNorth Capital and Income Fund has a 52 week low of $14.23 and a 52 week high of $15.07.

Institutional Trading of RiverNorth Capital and Income Fund

Institutional investors have recently bought and sold shares of the stock. TrueMark Investments LLC bought a new stake in RiverNorth Capital and Income Fund in the fourth quarter worth $689,000. Palatine Hill Wealth Management LLC bought a new stake in RiverNorth Capital and Income Fund in the fourth quarter worth $9,666,000. Advisory Services Network LLC bought a new stake in RiverNorth Capital and Income Fund in the third quarter worth $35,000. Jane Street Group LLC bought a new stake in RiverNorth Capital and Income Fund in the fourth quarter worth $214,000. Finally, Nomura Holdings Inc. bought a new stake in RiverNorth Capital and Income Fund in the third quarter worth $3,680,000.

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.