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. Shareholders of record on Friday, October 16th will be given a dividend of 0.1371 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a 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% 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 Price Performance

RiverNorth Capital and Income Fund stock opened at $14.65 on Thursday. RiverNorth Capital and Income Fund has a fifty-two week low of $14.23 and a fifty-two week high of $15.07. The firm’s 50 day simple moving average is $14.60 and its 200-day simple moving average is $14.54.

Analysts Set New Price Targets

Separately, Zacks Research raised RiverNorth Capital and Income Fund to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, RiverNorth Capital and Income Fund currently has an average rating of “Hold”.

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.