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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSFGet Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, August 14th will be paid a dividend of 0.1371 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Friday, August 14th.

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 decline.

RiverNorth Capital and Income Fund Stock Performance

Shares of RiverNorth Capital and Income Fund stock opened at $14.66 on Thursday. The business has a 50-day moving average price of $14.60 and a 200 day moving average price of $14.54. RiverNorth Capital and Income Fund has a twelve month low of $14.23 and a twelve month high of $15.07.

Institutional Trading of RiverNorth Capital and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in RSF. Palatine Hill Wealth Management LLC acquired a new stake in RiverNorth Capital and Income Fund in the fourth quarter valued at $9,666,000. Nomura Holdings Inc. acquired a new position in RiverNorth Capital and Income Fund during the 3rd quarter worth $3,680,000. Osaic Holdings Inc. increased its position in shares of RiverNorth Capital and Income Fund by 15.9% in the 4th quarter. Osaic Holdings Inc. now owns 179,232 shares of the company’s stock worth $2,574,000 after purchasing an additional 24,600 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter worth about $689,000. Finally, Everstar Asset Management LLC acquired a new stake in shares of RiverNorth Capital and Income Fund in the 1st quarter valued at about $466,000.

About RiverNorth Capital and Income Fund

(Get Free Report)

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

Dividend History for RiverNorth Capital and Income Fund (NYSE:RSF)

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.