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

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. Investors of record on Friday, August 29th will be given a dividend of 0.29 per share by the asset manager on Friday, September 12th. This represents a $1.16 annualized dividend and a dividend yield of 6.21%.

Rand Capital Price Performance

NASDAQ RAND traded down $0.35 during trading hours on Monday, hitting $18.69. 2,550 shares of the company's stock traded hands, compared to its average volume of 11,088. Rand Capital has a 52-week low of $14.95 and a 52-week high of $31.89. The company has a market capitalization of $55.51 million, a PE ratio of 5.90 and a beta of 0.24. The firm's 50-day moving average is $16.49 and its 200-day moving average is $19.45.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Rand Capital from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.

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.

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