Rand Capital Co. (NASDAQ:RAND) Declares $0.29 Quarterly Dividend

Rand Capital Co. (NASDAQ:RAND - Get Free Report) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.29 per share by the asset manager on Friday, March 28th. This represents a $1.16 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Friday, March 14th.

Rand Capital Stock Performance

Shares of RAND stock traded down $0.36 during trading hours on Thursday, hitting $22.01. The stock had a trading volume of 19,010 shares, compared to its average volume of 18,519. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.99 and a quick ratio of 15.99. The firm has a market capitalization of $56.81 million, a PE ratio of 4.42 and a beta of 0.44. The stock's 50 day moving average is $22.68 and its 200 day moving average is $19.19. Rand Capital has a twelve month low of $13.69 and a twelve month high of $31.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Rand Capital from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Rand Capital Company Profile

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.