Rand Capital Declares $0.29 Quarterly Dividend, Paid $1.72 Total in 2025
Rand Capital Corp (NASDAQ: RAND), a business development company, declared a regular quarterly cash dividend of $0.29 per share on February 25, 2026. The dividend is payable March 25 to shareholders of record March 11.
Rand Capital Corp (NASDAQ: RAND), a business development company focused on lower middle market investments, declared a regular quarterly cash dividend of $0.29 per share on February 25, 2026. The dividend will be paid on March 25 to shareholders of record as of March 11. Read more dividend announcements.
The quarterly payment maintains the company's regular distribution schedule. In 2025, Rand paid total dividends of $1.72 per share in cash to shareholders.
Dividend Payment Details
| Dividend Amount | Record Date | Payment Date |
|---|---|---|
| $0.29 per share | March 11, 2026 | March 25, 2026 |
Recent Investment Activity
In the fourth quarter of 2025, Rand committed $3.25 million to Bauer Sheet Metal and Fabricating Inc., a Muskegon, Michigan-based fabrication company. The investment consists of a 13% term loan and warrants for a 12% ownership stake. Bauer specializes in sheet metal solutions for mining, marine, engineering, and industrial sectors.
For the full year 2025, Rand invested $6.6 million across five transactions, primarily in interest-earning assets. The company completed two new portfolio company investments and three follow-on investments supporting existing borrowers.
Rand monetized select equity investments and received loan repayments that generated approximately $17.8 million in aggregate cash proceeds during 2025.
Financial Position
The company closed 2025 with $4.2 million in cash and cash equivalents, up from $835,000 at year-end 2024. Rand had no outstanding borrowings under its senior secured revolving credit facility as of December 31, 2025, leaving $19.2 million of available capacity under the $25 million facility that matures in 2027.
Rand did not repurchase any outstanding common stock during 2025.