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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1371 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

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 tumble.

RiverNorth Capital and Income Fund Trading Up 0.3%

Shares of RiverNorth Capital and Income Fund stock traded up $0.04 during trading hours on Thursday, hitting $14.66. The company had a trading volume of 242 shares, compared to its average volume of 12,708. The company’s 50-day moving average is $14.60 and its two-hundred day moving average is $14.54. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $15.07.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, RiverNorth Capital and Income Fund 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.