Rand Capital Increases Regular Quarterly Cash Dividend 25% to $0.25 per Share for Second Quarter 2023

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Apr 26, 2023

Rand+Capital+Corporation (Nasdaq: RAND) (“Rand”), 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, which was increased by $0.05 per share, or 25%, from the dividend paid in the first quarter of 2023. The dividend will be distributed on or about June 14, 2023, to shareholders of record as of May 31, 2023. Rand has approximately 2.6 million shares outstanding.