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Stock impact report

Rand Capital Announces $0.25 per Share Cash Dividend for First Quarter 2024

Rand Capital Corporation - Closed End Fund (RAND) 
US:NASDAQ Investor Relations: ir.randcapital.com
Company Research Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)--Rand Capital Corporation (Nasdaq: RAND) (“Rand” or the “Company”), a business development company providing alternative financing for lower middle market companies, announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The cash dividend will be distributed on or about March 29, 2024, to shareholders of record as of March 13, 2024. Rand has approximately 2.6 million shares outstanding.Additional Information Regarding Dividend DistributionsThe amount and timing of dividend distributions, including future dividend distributions, are subject to the discretion of Rand’s Board of Directors. When declaring distributions, Rand’s Board of Directors reviews estimates of taxable income available for distribution, which may differ from consolidated net income under generally accepted accounting principles due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in incom Show less Read more
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