Rand Capital Corporation to Issue Quarterly Dividend of $0.29 (NASDAQ:RAND)

Rand Capital Corporation (NASDAQ:RAND) declared a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 26th will be given a dividend of 0.29 per share by the asset manager on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, August 26th.

Rand Capital has decreased its dividend by an average of 0.4%per year over the last three years.

Rand Capital Stock Performance

Shares of RAND opened at $10.01 on Friday. The firm has a fifty day simple moving average of $10.32 and a 200 day simple moving average of $10.93. The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01. Rand Capital has a 12 month low of $10.00 and a 12 month high of $19.02. The stock has a market capitalization of $29.73 million, a price-to-earnings ratio of -3.23 and a beta of 0.10.

Rand Capital (NASDAQ:RAND) last posted its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.18 earnings per share for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The firm had revenue of $1.24 million for the quarter.

Rand Capital Company Profile

Rand Capital Corporation is a publicly traded business development company (BDC) focused on providing financing solutions to growing businesses. Established in 1999 and headquartered near Buffalo, New York, Rand Capital seeks to partner with small to mid-size companies across a variety of industries. By leveraging its balance sheet, the firm aims to deliver flexible debt and equity investments designed to support expansion, acquisitions, working capital needs and other strategic initiatives.

The company’s financing activities span senior secured loans, subordinated debt, equity co-investments and royalty or revenue-based financing.