RiverNorth Capital and Income Fund, Inc. (RSF) to Issue Monthly Dividend of $0.14 on November 29th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) declared a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.1398 per share on Friday, November 29th. This represents a $1.68 annualized dividend and a yield of 10.96%. The ex-dividend date is Friday, November 15th.

RiverNorth Capital and Income Fund has increased its dividend payment by an average of 25.2% annually over the last three years. RiverNorth Capital and Income Fund has a payout ratio of 93.3% 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 Price Performance

Shares of NYSE:RSF traded up $0.01 during trading on Thursday, reaching $15.31. 19,285 shares of the stock were exchanged, compared to its average volume of 20,690. The stock has a fifty day moving average of $15.35 and a two-hundred day moving average of $15.26. RiverNorth Capital and Income Fund has a 1-year low of $14.90 and a 1-year high of $16.90.

About RiverNorth Capital and Income Fund

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.