Rand Capital Corporation (NASDAQ:RAND – Get Free Report) announced 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 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 NASDAQ:RAND opened at $10.01 on Friday. The company has a market capitalization of $29.73 million, a price-to-earnings ratio of -3.23 and a beta of 0.10. The firm’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $10.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. Rand Capital has a fifty-two week low of $10.00 and a fifty-two week high of $19.02.
About Rand Capital
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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