RiverNorth Capital and Income Fund, Inc. (RSF) to Issue Monthly Dividend of $0.14 on February 29th

RiverNorth Capital and Income Fund, Inc. (NYSE:RSFGet Free Report) announced a monthly dividend on Thursday, January 4th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.1398 per share on Thursday, February 29th. This represents a $1.68 annualized dividend and a dividend yield of 10.43%. The ex-dividend date of this dividend is Wednesday, February 14th.

RiverNorth Capital and Income Fund has decreased its dividend by an average of 4.3% per year over the last three years. RiverNorth Capital and Income Fund has a payout ratio of 112.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

RiverNorth Capital and Income Fund Price Performance

Shares of RSF opened at $16.09 on Monday. The company’s 50-day simple moving average is $15.81 and its 200-day simple moving average is $15.50. RiverNorth Capital and Income Fund has a 1 year low of $14.81 and a 1 year high of $16.24.

Institutional Trading of RiverNorth Capital and Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its holdings in RiverNorth Capital and Income Fund by 2.4% in the second quarter. Osaic Holdings Inc. now owns 42,521 shares of the company’s stock valued at $656,000 after acquiring an additional 979 shares in the last quarter. UBS Group AG raised its holdings in RiverNorth Capital and Income Fund by 3,908.0% during the first quarter. UBS Group AG now owns 12,024 shares of the company’s stock worth $186,000 after purchasing an additional 11,724 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of RiverNorth Capital and Income Fund by 5.7% during the first quarter. NewEdge Advisors LLC now owns 26,100 shares of the company’s stock worth $400,000 after acquiring an additional 1,400 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth approximately $846,000. Finally, Bank of America Corp DE purchased a new position in shares of RiverNorth Capital and Income Fund during the fourth quarter worth approximately $236,000.

About RiverNorth Capital and Income Fund

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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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