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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSFGet Free Report) announced a monthly dividend on Thursday, January 4th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.1398 per share on Thursday, February 29th. This represents a $1.68 annualized dividend and a dividend yield of 10.43%. The ex-dividend date of this dividend is Wednesday, February 14th.

RiverNorth Capital and Income Fund has decreased its dividend payment by an average of 4.3% per year over the last three years. RiverNorth Capital and Income Fund has a payout ratio of 112.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

RiverNorth Capital and Income Fund Price Performance

Shares of NYSE:RSF opened at $16.09 on Monday. RiverNorth Capital and Income Fund has a 1-year low of $14.81 and a 1-year high of $16.24. The business’s 50 day moving average is $15.81 and its 200-day moving average is $15.50.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in shares of RiverNorth Capital and Income Fund by 2.4% during the 2nd quarter. Osaic Holdings Inc. now owns 42,521 shares of the company’s stock worth $656,000 after buying an additional 979 shares during the period. UBS Group AG raised its position in RiverNorth Capital and Income Fund by 3,908.0% in the 1st quarter. UBS Group AG now owns 12,024 shares of the company’s stock valued at $186,000 after purchasing an additional 11,724 shares during the last quarter. NewEdge Advisors LLC raised its position in RiverNorth Capital and Income Fund by 5.7% in the 1st quarter. NewEdge Advisors LLC now owns 26,100 shares of the company’s stock valued at $400,000 after purchasing an additional 1,400 shares during the last quarter. Boothbay Fund Management LLC bought a new position in RiverNorth Capital and Income Fund in the 4th quarter valued at $846,000. Finally, Bank of America Corp DE acquired a new stake in shares of RiverNorth Capital and Income Fund in the 4th quarter valued at $236,000.

About RiverNorth Capital and Income Fund

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RiverNorth Specialty Finance Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

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

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