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

Rand Capital Corporation (NASDAQ:RAND) announced a quarterly dividend on Wednesday, February 25th. Stockholders 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) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Wednesday, March 11th.

Rand Capital Stock Up 2.2%

Rand Capital stock opened at $11.40 on Friday. Rand Capital has a 52-week low of $10.05 and a 52-week high of $26.00. The firm’s fifty day moving average is $11.33 and its 200 day moving average is $13.51. The company has a market cap of $33.86 million, a price-to-earnings ratio of -2.71 and a beta of 0.20.

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.