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The latest update is out from Rand Capital ( (RAND) ).
Rand Capital Corporation announced a dividend of $4.20 per share, amounting to approximately $10.8 million, payable on January 24, 2025. Shareholders can choose to receive the dividend in cash or stock, though only 20% of the dividend will be distributed in cash, with the rest in stock. The company’s election process allows shareholders to allocate their preferences, but due to the cash limit, some shareholders may receive a prorated combination of cash and stock. This decision could impact Rand’s capital strategy and stakeholder returns, aligning with IRS regulations that tax dividends regardless of payment method.
More about Rand Capital
Rand Capital Corporation operates in the financial services industry with a focus on regulated investment company offerings. Its primary service involves providing dividends to its shareholders, with an emphasis on equity investment and capital management.
YTD Price Performance: 84.97%
Average Trading Volume: 5,208
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $50.23M
Learn more about RAND stock on TipRanks’ Stock Analysis page.
