RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, March 16th will be paid a dividend of 0.1371 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, March 16th.
RiverNorth Capital and Income Fund has a 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 fall.
RiverNorth Capital and Income Fund Price Performance
Shares of RSF opened at $14.68 on Friday. RiverNorth Capital and Income Fund has a 1-year low of $14.23 and a 1-year high of $16.02. The firm has a 50 day simple moving average of $14.45 and a 200-day simple moving average of $14.57.
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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