SmarterDividends
RAND

Rand Capital Corporation

RAND

Financial Services · Asset Management · Stock · quarterly payer

$9.59

Undervalued · +247% Add to Portfolio

Forward Yield

12.73%

Annual Dividend

$1.16

Payout Ratio

51%

5-Yr Growth

-32.8%

Ex-Date

Aug 26, 2026

Frequency

Quarterly

Key facts about RAND's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Rand Capital Corporation (RAND) has a forward dividend yield of 12.73%, based on an annual dividend of $1.16 per share and a share price of $9.59.
  • As of Oct 30, 2026, RAND's dividend safety grade from SmarterDividends is A (80 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Rand Capital Corporation (RAND) has raised its dividend for 4 consecutive years as of Oct 30, 2026.
  • RAND has never cut its regular dividend in the payment history SmarterDividends has on record.
  • RAND's most recent ex-dividend date was Aug 26, 2026, for a dividend of $0.29 per share.
  • As of Oct 30, 2026, RAND pays out 51% of its trailing 12-month earnings as dividends (its payout ratio).
  • RAND's dividend has shrunk at an average rate of 32.8% a year over the past five years.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for RAND is $33.29 per share, 247% above the $9.59 share price, so RAND screens as undervalued.
  • Rand Capital Corporation (RAND) pays its dividend quarterly, 4 times a year.
  • Rand Capital Corporation (RAND) has raised its regular dividend 5 times and cut it 1 time across the 25 payments on record since 2020. Its most recent change was a 16.0% increase to $0.290 per share, going ex-dividend on May 31, 2024. The last cut went ex-dividend on Mar 12, 2021.
Cite this page

SmarterDividends, "RAND Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/RAND

Summary

As of Oct 30, 2026, Rand Capital Corporation (RAND) yields 12.73% ($1.16 a year per share), has a dividend safety grade of A (80/100) and has 4 consecutive years of dividend increases on record.

Is RAND a good dividend stock?

Yes

Rand Capital Corporation (RAND) pays a quarterly dividend yielding 12.73% ($1.16/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (51%)
  • Top-tier dividend safety score

Risks

  • Dividend has been shrinking, not growing
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
12.73%
Payout Ratio
51%
Annual Dividend
$1.16
5-Yr Avg Growth
-32.8%
Ex-Dividend Date
Aug 26, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.15
Market Cap
$28.5M
P/E Ratio
—
5-Yr Total Return
-43%
52-Week Range
$9.11 – $17.49
Dividend Safety
A · 80/100
Ever Cut?
No

RAND dividend raises and cuts

Rand Capital Corporation (RAND) has raised its regular dividend 5 times and cut it 1 time across the 25 payments on record since 2020. Its most recent change was a 16.0% increase to $0.290 per share, going ex-dividend on May 31, 2024. The last cut went ex-dividend on Mar 12, 2021.

Ex-dateChangeOld → newMove
May 31, 2024Raise$0.250 → $0.290+16.0%
May 30, 2023Raise$0.200 → $0.250+25.0%
Mar 10, 2023Raise$0.150 → $0.200+33.3%
Mar 11, 2022Raise$0.140 → $0.150+7.1%
Dec 17, 2021Raise$0.100 → $0.140+40.0%
Mar 12, 2021Cut$1.33 → $0.100−92.5%
Every RAND payment →Download every raise and cut (CSV)
RAND ex-dividend date & scheduleNext ex-date Aug 26, 2026 · full ex-dividend historyView →RAND dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is RAND a good dividend stock?

Yes. Rand Capital Corporation (RAND) pays a quarterly dividend yielding 12.73% ($1.16/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is RAND undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RAND's fair value is about $33.29 versus a $9.59 share price — so it looks undervalued (+247% vs. fair value).

Is RAND's dividend safe?

RAND has a dividend-safety grade of A (80/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is RAND's fair value?

Our blended fair-value estimate for RAND is about $33.29 per share, roughly 247% above the current $9.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is RAND a buy, hold, or sell?

We don't issue formal ratings, but on the data RAND screens as "yes" and undervalued. Rand Capital Corporation (RAND) pays a quarterly dividend yielding 12.73% ($1.16/yr), with 4 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will RAND cut its dividend?

RAND earns a dividend-safety grade of A (80/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does RAND pay a dividend?

Yes. Rand Capital Corporation pays a quarterly dividend of about $1.16 per share annually, a forward yield of roughly 12.73%.

What is RAND's dividend yield?

As of Oct 30, 2026, RAND's forward dividend yield is 12.73%, based on a $1.16 annual dividend and a $9.59 share price.

What is RAND's dividend per share?

As of Oct 30, 2026, RAND pays $1.16 per share per year, distributed on a quarterly basis.

What is RAND's dividend payout ratio?

As of Oct 30, 2026, RAND's payout ratio is 51% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has RAND grown its dividend?

As of Oct 30, 2026, RAND has increased its dividend for 4 consecutive years.

When is the next RAND ex-dividend date?

As of Oct 30, 2026, RAND's next ex-dividend date hasn't been announced. The most recent was Aug 26, 2026, for $0.29 per share.

Income Calculator

At $1.16 / yr per share

Per payment (quarterly)$29.00
Annual$116.00
Monthly avg$9.67

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