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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.1357 per share on Monday, June 30th. This represents a $1.63 annualized dividend and a dividend yield of 10.44%. The ex-dividend date of this dividend is Friday, June 13th.

RiverNorth Capital and Income Fund has decreased its dividend payment by an average of 2.0% per year over the last three years. 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 Stock Up 1.6 %

NYSE RSF traded up $0.25 during midday trading on Thursday, hitting $15.60. 21,787 shares of the company traded hands, compared to its average volume of 22,053. RiverNorth Capital and Income Fund has a 52 week low of $14.86 and a 52 week high of $16.90. The company’s 50-day simple moving average is $15.19 and its 200-day simple moving average is $15.27.

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.