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

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

RiverNorth Capital and Income Fund has raised its dividend payment by an average of 25.2% annually over the last three years. RiverNorth Capital and Income Fund has a dividend 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 decline.

RiverNorth Capital and Income Fund Stock Performance

RiverNorth Capital and Income Fund stock traded up $0.01 during mid-day trading on Thursday, reaching $15.31. 19,285 shares of the company’s stock were exchanged, compared to its average volume of 20,690. The business’s fifty day simple moving average is $15.35 and its 200 day simple moving average is $15.26. RiverNorth Capital and Income Fund has a one year low of $14.90 and a one 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.