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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Tuesday, October 1st,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend 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% per year over the last three years. RiverNorth Capital and Income Fund has a dividend payout ratio of 93.3% indicating that 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, hitting $15.31. The company’s stock had a trading volume of 19,285 shares, compared to its average volume of 20,690. RiverNorth Capital and Income Fund has a 12 month low of $14.90 and a 12 month high of $16.90. The business has a 50 day moving average price of $15.35 and a 200-day moving average price of $15.26.

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.