RiverNorth Capital and Income Fund is a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income by investing in credit instruments, including a portfolio of securities of specialty finance and other financial companies.
• RiverNorth Specialty Finance announced a semi annually dividend of $0.37 per ordinary share which will be made payable on 2024-08-15. Ex dividend date: 2024-08-01 • RiverNorth Specialty Finance annual dividend for 2024 was $0.73 • RiverNorth Specialty Finance annual dividend for 2023 was $0.73 • RiverNorth Specialty Finance's trailing twelve-month (TTM) dividend yield is 11.01% • RiverNorth Specialty Finance's payout ratio for the trailing twelve months (TTM) is 84.77% • RiverNorth Specialty Finance's dividend growth over the last five years (2018-2023) was -13.88% year
RiverNorth Specialty Finance current trailing twelve-month (TTM) dividend yield is 11.01%. Interested in purchasing RiverNorth Specialty Finance stock? Use our calculator to estimate your expected dividend yield:
RiverNorth Specialty Finance Financial Ratios
P/E ratio8.59
PEG ratio0.09
P/B ratio0.93
ROE11.38%
Payout ratio84.77%
Current ratio0.00
Quick ratio0.00
Cash Ratio1.25
RiverNorth Specialty Finance Dividend FAQ
How much is the next RiverNorth Specialty Finance dividend?
RiverNorth Specialty Finance's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next RiverNorth Specialty Finance dividend. The next RiverNorth Specialty Finance dividend will be released in February, or May.
When is RiverNorth Specialty Finance dividend paid?
RiverNorth Specialty Finance pays dividends on a semi annually basis. The specific dates may vary each year but are generally around February, and May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does RiverNorth Specialty Finance pay?
The specific amount of RiverNorth Specialty Finance dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find RiverNorth Specialty Finance's dividend history.
Does RiverNorth Specialty Finance stock pay dividends?
Yes, RiverNorth Specialty Finance does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find RiverNorth Specialty Finance's dividend history.
How much dividend does RiverNorth Specialty Finance pay?
RiverNorth Specialty Finance paid $0.734 in 2024, $0.734 in 2023, $1.469 in 2022, $1.469 in 2021, and $1.469 in 2020.
How often does RiverNorth Specialty Finance pay dividends?
RiverNorth Specialty Finance typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around February, and May.
What is RiverNorth Specialty Finance's dividend yield?
The current dividend yield for RiverNorth Specialty Finance is 11.01%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate RiverNorth Specialty Finance's exact dividend yield.
When does RiverNorth Specialty Finance go ex dividend?
RiverNorth Specialty Finance's ex-dividend date for the latest dividend was on 2024-08-01. RiverNorth Specialty Finance typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next RiverNorth Specialty Finance dividend paid?
RiverNorth Specialty Finance pays dividends on a semi annually basis, typically around February, or May, but the exact dates can vary each year.
Will RiverNorth Specialty Finance increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether RiverNorth Specialty Finance will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is RiverNorth Specialty Finance dividend per share?
RiverNorth Specialty Finance paid $0.734 per share in 2024 and $0.734 per share in 2023. The amount of dividend per share that RiverNorth Specialty Finance pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is RiverNorth Specialty Finance a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is RiverNorth Specialty Finance a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is RiverNorth Specialty Finance a dividend stock?
Yes, RiverNorth Specialty Finance is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is RiverNorth Specialty Finance a good dividend stock?
Whether RiverNorth Specialty Finance is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. RiverNorth Specialty Finance has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating RiverNorth Specialty Finance as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does RiverNorth Specialty Finance pay dividends monthly?
RiverNorth Specialty Finance typically pays dividends on a semi annually basis.
Does RiverNorth Specialty Finance pay dividends quarterly?
RiverNorth Specialty Finance currently pays dividends on a semi annually basis.
Has RiverNorth Specialty Finance ever paid a dividend?
Yes, RiverNorth Specialty Finance has a history of paying dividends to its shareholders. RiverNorth Specialty Finance is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy RiverNorth Specialty Finance dividend stocks?
To buy RiverNorth Specialty Finance you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy RiverNorth Specialty Finance stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does RiverNorth Specialty Finance pay dividends 2024?
RiverNorth Specialty Finance pays dividends on a semi annually basis. 2024 dividend payments are in 2024-08-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will RiverNorth Specialty Finance increase its dividend in 2024?
Decisions regarding RiverNorth Specialty Finance dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date RiverNorth Specialty Finance dividend overview you can look into the above table of dividend history.
How RiverNorth Specialty Finance dividend works?
The RiverNorth Specialty Finance dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how RiverNorth Specialty Finance's dividend process works:
1. Determination of Dividend: RiverNorth Specialty Finance's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, RiverNorth Specialty Finance publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, RiverNorth Specialty Finance distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from RiverNorth Specialty Finance are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are RiverNorth Specialty Finance dividends paid?
RiverNorth Specialty Finance dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: RiverNorth Specialty Finance sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, RiverNorth Specialty Finance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RiverNorth Specialty Finance declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does RiverNorth Specialty Finance pay dividends?
RiverNorth Specialty Finance typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does RiverNorth Specialty Finance pay dividends?
The general pattern is that RiverNorth Specialty Finance pays dividends around February, and May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is RiverNorth Specialty Finance dividend safe?
The safety of RiverNorth Specialty Finance's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of RiverNorth Specialty Finance's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review RiverNorth Specialty Finance's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.