Rand Capital Corporation (RAND) to Issue Quarterly Dividend of $0.29 on March 25th

Rand Capital Corporation (NASDAQ:RAND) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.29 per share by the asset manager on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Wednesday, March 11th.

Rand Capital Trading Down 2.8%

Rand Capital stock opened at $11.75 on Monday. The stock has a market cap of $34.90 million, a P/E ratio of -4.37 and a beta of 0.19. The stock has a 50 day moving average of $11.33 and a 200-day moving average of $13.32. Rand Capital has a 52 week low of $10.05 and a 52 week high of $26.00.

Rand Capital (NASDAQ:RAND) last issued its quarterly earnings results on Thursday, March 5th. The asset manager reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $1.29 million during the quarter. Rand Capital had a negative net margin of 124.17% and a positive return on equity of 6.55%.

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.