RiverNorth Capital and Income Fund, Inc. (NYSE:RSF – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.1371 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Wednesday, April 15th.
RiverNorth Capital and Income Fund has a dividend 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 tumble.
RiverNorth Capital and Income Fund Trading Down 0.2%
RiverNorth Capital and Income Fund stock traded down $0.04 during midday trading on Monday, hitting $14.65. 2,744 shares of the company’s stock were exchanged, compared to its average volume of 14,169. RiverNorth Capital and Income Fund has a 12-month low of $14.23 and a 12-month high of $15.36. The firm’s 50 day simple moving average is $14.50 and its 200 day simple moving average is $14.55.
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.
See Also
Receive News & Ratings for RiverNorth Capital and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RiverNorth Capital and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
