Friday Is Your Last Chance To Buy Rand Capital Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Rand Capital (NASDAQ:RAND) announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Monday. Shareholders owning RAND by the end of Friday are eligible for the dividend, payable on March 29, 2024.
March 06, 2024 | 2:45 pm
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Rand Capital announced a quarterly dividend of 25 cents per share, with the ex-dividend date on Monday. Eligible shareholders must own the stock by end of Friday.
The announcement of a dividend payout typically has a neutral to positive short-term impact on a stock's price. However, the stock is expected to open lower on the ex-dividend date to reflect the payout, which is a standard practice. The overall impact is neutral because while dividends are positive, the expected decrease in stock price on the ex-dividend date is already anticipated.
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