RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $14.28 and traded as high as $14.29. RiverNorth Capital and Income Fund shares last traded at $14.2850, with a volume of 1,847 shares traded.
RiverNorth Capital and Income Fund Trading Up 0.3%
The company’s 50-day moving average is $14.28 and its 200-day moving average is $14.48.
RiverNorth Capital and Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.1371 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 11.5%. RiverNorth Capital and Income Fund’s payout ratio is currently 109.33%.
Hedge Funds Weigh In On RiverNorth Capital and Income Fund
A hedge fund recently bought a new position in RiverNorth Capital and Income Fund stock. Equitable Holdings Inc. purchased a new stake in shares of RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,926 shares of the company’s stock, valued at approximately $379,000.
RiverNorth Capital and Income Fund Company Profile
RiverNorth Capital and Income Fund is a closed-end investment fund managed by RiverNorth Capital Management. Rather than operating a business that sells products or services, the fund invests in a portfolio of other investment vehicles and income-producing securities. The fund seeks to provide total return through a combination of current income and capital appreciation. Its investments include closed-end funds and other income-oriented assets, giving shareholders exposure to a range of underlying investment strategies and markets.
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