Shaker Financial Services LLC Takes Position in RiverNorth Capital and Income Fund, Inc. (NYSE:RSF)

Shaker Financial Services LLC purchased a new position in shares of RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 59,021 shares of the company’s stock, valued at approximately $911,000.

Separately, Absolute Investment Advisers LLC purchased a new position in RiverNorth Capital and Income Fund during the 4th quarter worth $189,000.

RiverNorth Capital and Income Fund Stock Up 0.3 %

Shares of NYSE:RSF opened at $15.11 on Monday. RiverNorth Capital and Income Fund, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $16.90. The firm’s 50-day simple moving average is $15.18 and its 200-day simple moving average is $15.26.

RiverNorth Capital and Income Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.1357 dividend. The ex-dividend date is Tuesday, April 15th. This represents a dividend yield of 10.86%. RiverNorth Capital and Income Fund’s dividend payout ratio is currently 110.00%.

RiverNorth Capital and Income Fund Company Profile

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.