Rand Capital Corporation (RAND) to Issue Quarterly Dividend of $0.29 on June 10th

Rand Capital Corporation (NASDAQ:RAND – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Wednesday, May 27th will be paid a dividend of 0.29 per share by the asset manager on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Wednesday, May 27th.

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

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Rand Capital Stock Up 0.4%

Shares of NASDAQ RAND opened at $10.82 on Monday. Rand Capital has a 12-month low of $10.05 and a 12-month high of $20.00. The stock has a market cap of $32.12 million, a PE ratio of -3.49 and a beta of 0.09. The company has a current ratio of 82.98, a quick ratio of 82.98 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $11.17 and a 200 day moving average of $12.03.

Rand Capital (NASDAQ:RAND – Get Free Report) 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 negative net margin of 162.06% and a positive return on equity of 5.87%. The business had revenue of $1.24 million during the quarter.

Rand Capital Company Profile

(Get Free Report)

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.

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