Rand Capital Co. (NASDAQ:RAND) Increases Dividend to $0.29 Per Share

Rand Capital Co. (NASDAQ:RAND) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.29 per share by the asset manager on Friday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Friday, May 31st. This is a boost from Rand Capital’s previous quarterly dividend of $0.25.

Rand Capital has decreased its dividend payment by an average of 10.6% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

Rand Capital Stock Up 0.8 %

Shares of RAND traded up $0.11 during trading hours on Friday, hitting $14.15. The stock had a trading volume of 107 shares, compared to its average volume of 1,396. The firm has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $13.54. The firm has a market capitalization of $36.51 million, a P/E ratio of 5.55 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 23.73 and a quick ratio of 23.73. Rand Capital has a 1-year low of $12.50 and a 1-year high of $14.55.

Rand Capital (NASDAQ:RAND) last announced its quarterly earnings results on Tuesday, March 5th. The asset manager reported $0.40 EPS for the quarter. The business had revenue of $1.93 million during the quarter. Rand Capital had a net margin of 88.95% and a return on equity of 5.39%.

Insider Transactions at Rand Capital

In other news, Director Benjamin E. Godley acquired 1,965 shares of Rand Capital stock in a transaction on Tuesday, March 12th. The stock was acquired at an average cost of $13.95 per share, with a total value of $27,411.75. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $348,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 68.20% of the company’s stock.

Rand Capital Company Profile

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.