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

Rand Capital Corporation (NASDAQ:RAND) announced a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 26th will be paid a dividend of 0.29 per share by the asset manager on Wednesday, September 9th. This represents a c) annualized dividend 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 debt-to-equity ratio of 0.01, a current ratio of 82.98 and a quick ratio of 82.98. The business’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.93. Rand Capital has a fifty-two week low of $10.00 and a fifty-two week 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 issued its quarterly earnings data on Wednesday, May 6th. The asset manager reported $0.18 earnings per share (EPS) for the quarter. Rand Capital had a positive return on equity of 5.87% and a negative net margin of 162.06%.The company had revenue of $1.24 million during the quarter.

Hedge Funds Weigh In On Rand Capital

An institutional investor recently bought a new stake in Rand Capital stock. Ritholtz Wealth Management acquired a new position in Rand Capital Corporation (NASDAQ:RAND) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,089 shares of the asset manager’s stock, valued at approximately $126,000. Ritholtz Wealth Management owned about 0.37% of Rand Capital at the end of the most recent reporting period.

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.