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 Wednesday, April 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.1398 per share on Friday, May 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date is Tuesday, May 14th.

RiverNorth Capital and Income Fund has decreased its dividend payment by an average of 4.3% annually over the last three years. RiverNorth Capital and Income Fund has a payout ratio of 89.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

RiverNorth Capital and Income Fund Trading Up 0.1 %

Shares of RiverNorth Capital and Income Fund stock opened at $15.77 on Thursday. RiverNorth Capital and Income Fund has a 12-month low of $14.81 and a 12-month high of $16.23. The business’s 50 day moving average is $16.00 and its 200-day moving average is $15.66.

Institutional Investors Weigh In On RiverNorth Capital and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates raised its stake in RiverNorth Capital and Income Fund by 13.2% in the 1st quarter. Raymond James & Associates now owns 42,885 shares of the company’s stock valued at $832,000 after acquiring an additional 5,000 shares during the period. Captrust Financial Advisors bought a new stake in RiverNorth Capital and Income Fund in the 2nd quarter valued at $64,000. UBS Group AG raised its stake in RiverNorth Capital and Income Fund by 914.3% in the 3rd quarter. UBS Group AG now owns 3,256 shares of the company’s stock valued at $56,000 after acquiring an additional 2,935 shares during the period. Advisor Group Holdings Inc. raised its stake in RiverNorth Capital and Income Fund by 18.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 41,267 shares of the company’s stock valued at $699,000 after acquiring an additional 6,326 shares during the period. Finally, Bank of America Corp DE bought a new stake in RiverNorth Capital and Income Fund in the 4th quarter valued at $236,000.

About RiverNorth Capital and Income Fund

(Get Free Report)

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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