Rand Capital Increases Regular Quarterly Cash Dividend 16% to $0.29 per Share for Second 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 $0.29 per share, which increased $0.04 per share, or 16%, from the dividend paid in the first quarter of 2024. The dividend will be distributed on or about June 14, 2024, to shareholders of record as of May 31, 2024. Rand has approximately 2.6 million shares outstanding.“This increase in our dividend underscores the strength and stability of our business operations, as well as our confidence in the future prospects of the Company,” commented Daniel P. Penberthy, President and CEO. “Looking ahead, we remain steadfast in our objective to further enhance shareholder value through continued dividend growth. Our strategy is centered on prudent and strategic investments, particularly in income-producing debt inst
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RAND
News
- Rand Capital Reports 12% Increase in Total Investment Income for First Quarter 2024Business Wire
- Rand Capital Increases Regular Quarterly Cash Dividend 16% to $0.29 per Share for Second Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Rand Capital Announces First Quarter 2024 Financial Results Conference Call and WebcastBusiness Wire
- Rand Capital Corporation (NASDAQ:RAND) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rand Capital Reports 27% Increase in Total Investment Income for 2023Business Wire
RAND
Sec Filings
- 5/13/24 - Form 8-K
- 5/13/24 - Form 10-Q
- 5/8/24 - Form 8-K
- RAND's page on the SEC website