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Rand Capital Corp - $RAND STOCK NEWS

Welcome to our dedicated page for Rand Capital news (Ticker: $RAND), a resource for investors and traders seeking the latest updates and insights on Rand Capital stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rand Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rand Capital's position in the market.

Rhea-AI Summary

Rand Capital (Nasdaq: RAND) has increased its regular quarterly cash dividend by 16% to $0.29 per share for the second quarter of 2024. The dividend will be distributed on or about June 14, 2024, to shareholders of record as of May 31, 2024. With approximately 2.6 million shares outstanding, the Company's President and CEO, Daniel P. Penberthy, expressed confidence in the business operations and future prospects of Rand.

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Rand Capital (Nasdaq: RAND) announced its first quarter 2024 financial results conference call and webcast. The company will release its financial results on Monday, May 13, 2024, and host a conference call and webcast to discuss the results.

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Rand Capital Corporation (Nasdaq: RAND) reported an 11% increase in total investment income for the fourth quarter and a 27% increase for the full year 2023. The company's portfolio consisted of 64% interest yielding debt instruments at year-end, resulting in a $1.33 per share dividend in 2023, up 60% from 2022. Net asset value per share was $23.56 at December 31, 2023, a 5% increase from the previous year. Rand made $2.3 million in follow-on investments in the fourth quarter and a total of $20.3 million for the full year.
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Rand Capital Corporation (RAND) declares a quarterly cash dividend of $0.25 per share. The dividend reflects the company's commitment to providing alternative financing for lower middle market companies.
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Rand Capital Corporation (Nasdaq: RAND) will release its Q4 and full year 2023 financial results on March 5, 2024, followed by a conference call and webcast. Investors can access the call through phone or webcast, with replays available for later listening.
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Rand Capital Corporation (Nasdaq: RAND) announced a reduction of the minimum asset coverage ratio from 200% to 150%, providing flexibility for future debt leverage. This move aims to align the company with other BDC funds' corporate financing structures, supporting future portfolio growth and long-term positioning.
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Rand Capital Corporation (Nasdaq: RAND) declared a total fourth quarter dividend of $0.63 per share, including a regular quarterly cash dividend of $0.25 per share and a special cash dividend of $0.38 per share. The 2023 cash dividend distributions of $1.33 per share are up 60% over 2022.
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Rand Capital Corporation (Nasdaq: RAND) announced its results for the third quarter ended September 30, 2023. Total investment income increased 12% to $1.7 million compared to the same period last year. Net asset value per share was $23.77, up 6% from year-end 2022. The company invested $7.8 million in new investments during the quarter.
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Rand Capital Corporation (Nasdaq: RAND) will release its Q3 2023 financial results on November 6, 2023. A conference call and webcast will be held to review the results. The webcast replay and transcript will be available on the company's investor section.
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Rand Capital Corp

Nasdaq:RAND

RAND Rankings

RAND Stock Data

35.67M
2.58M
76.03%
3.49%
0.08%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
BUFFALO

About RAND

rand capital llc is a publishing company located in 1343 26th st apt 201, santa monica, california, united states.