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

Rand Capital Corporation (NASDAQ:RAND) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Wednesday, March 11th will be given 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 10.2%. The ex-dividend date of this dividend is Wednesday, March 11th.

Rand Capital Stock Performance

Shares of NASDAQ RAND traded down $0.05 during trading hours on Thursday, hitting $11.40. The company’s stock had a trading volume of 2,163 shares, compared to its average volume of 4,038. The stock has a market cap of $33.86 million, a price-to-earnings ratio of -2.71 and a beta of 0.20. Rand Capital has a 12 month low of $10.05 and a 12 month high of $27.00. The business has a 50-day simple moving average of $11.41 and a 200-day simple moving average of $13.52.

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.