Rand Capital Corporation (NASDAQ:RAND) to Issue $0.29 Quarterly Dividend

Key Points

• Rand Capital Corporation has declared a quarterly dividend of $0.29 per share, with the payment scheduled for September 12th to investors of record as of August 29th.
• The company's annualized dividend totals $1.16, which provides a dividend yield of 6.21%.
• In its most recent earnings report, Rand Capital posted an EPS of $0.40, reflecting a net margin of 97.28% and a revenue of $2.01 million.

Rand Capital Corporation (NASDAQ:RAND - Get Free Report) declared a quarterly dividend on Monday, July 28th, RTT News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.29 per share by the asset manager on Friday, September 12th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, August 29th.

Rand Capital Stock Down 0.5%

RAND stock traded down $0.09 during midday trading on Friday, hitting $18.25. The company's stock had a trading volume of 662 shares, compared to its average volume of 10,849. The firm has a market capitalization of $54.20 million, a P/E ratio of 5.76 and a beta of 0.24. The firm has a 50-day simple moving average of $16.64 and a 200-day simple moving average of $19.42. Rand Capital has a 52-week low of $14.95 and a 52-week high of $31.89.

Rand Capital (NASDAQ:RAND - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The asset manager reported $0.40 EPS for the quarter. Rand Capital had a net margin of 97.28% and a return on equity of 6.89%. The firm had revenue of $2.01 million during the quarter.

About Rand Capital

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.