RiverNorth Capital and Income Fund, Inc. (RSF) to Distribute Monthly Dividend of $0.14 on July 31st

RiverNorth Capital and Income Fund, Inc. (NYSE:RSFGet Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.1371 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date is Wednesday, July 15th.

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 tumble.

RiverNorth Capital and Income Fund Stock Performance

RSF stock opened at $14.59 on Monday. RiverNorth Capital and Income Fund has a one year low of $14.23 and a one year high of $15.07. The firm’s fifty day moving average is $14.60 and its 200 day moving average is $14.54.

Analysts Set New Price Targets

Separately, Zacks Research upgraded RiverNorth Capital and Income Fund to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Stock Report on RiverNorth Capital and Income Fund

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.

Further Reading

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

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