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

RiverNorth Capital and Income Fund, Inc. (NYSE:RSF) announced a monthly dividend on Monday, April 1st, NASDAQ reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.1398 per share on Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend is Friday, April 12th.

RiverNorth Capital and Income Fund has decreased its dividend by an average of 4.3% annually over the last three years. RiverNorth Capital and Income Fund has a dividend 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 Stock Performance

Shares of RSF stock traded up $0.02 on Wednesday, reaching $15.77. The stock had a trading volume of 5,902 shares, compared to its average volume of 17,083. RiverNorth Capital and Income Fund has a 1 year low of $14.81 and a 1 year high of $16.23. The company has a 50 day simple moving average of $16.00 and a 200 day simple moving average of $15.66.

Hedge Funds Weigh In On RiverNorth Capital and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates lifted its position in shares of RiverNorth Capital and Income Fund by 13.2% in the first 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 in the last quarter. Captrust Financial Advisors bought a new stake in shares of RiverNorth Capital and Income Fund in the second quarter worth about $64,000. UBS Group AG increased its holdings in shares of RiverNorth Capital and Income Fund by 914.3% in the third quarter. UBS Group AG now owns 3,256 shares of the company’s stock worth $56,000 after purchasing an additional 2,935 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings in shares of RiverNorth Capital and Income Fund by 18.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 41,267 shares of the company’s stock worth $699,000 after purchasing an additional 6,326 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter worth about $236,000.

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.