| Schedule of Dividends Payable |
The Board of Directors declared the following dividends during the year ended December 31, 2024:
|
|
|
|
|
|
|
|
|
Quarter |
|
Dividend/Share
Amount |
|
|
Record Date |
|
Payment Date |
1st |
|
$ |
0.25 |
|
|
March 13, 2024 |
|
March 29, 2024 |
2nd |
|
$ |
0.29 |
|
|
May 31, 2024 |
|
June 14, 2024 |
3rd |
|
$ |
0.29 |
|
|
August 30, 2024 |
|
September 13, 2024 |
4th |
|
$ |
4.20 |
|
|
December 16, 2024 |
|
January 24, 2025 |
On December 5, 2024, Rand's Board of Directors declared a dividend of $4.20 per share. The dividend was paid in the aggregate combination of 20% in cash and 80% in newly issued shares of common stock on January 24, 2025 to shareholders of record as of December 16, 2024.
The Board of Directors declared the following dividends during the year ended December 31, 2023:
|
|
|
|
|
|
|
|
|
Quarter |
|
Dividend/Share
Amount |
|
|
Record Date |
|
Payment Date |
1st |
|
$ |
0.20 |
|
|
March 13, 2023 |
|
March 27, 2023 |
2nd |
|
$ |
0.25 |
|
|
May 31, 2023 |
|
June 14, 2023 |
3rd |
|
$ |
0.25 |
|
|
August 31, 2023 |
|
September 14, 2023 |
4th |
|
$ |
0.25 |
|
|
December 18, 2023 |
|
December 29, 2023 |
4th |
|
$ |
0.38 |
|
|
December 18, 2023 |
|
December 29, 2023 |
The Corporation’s Board of Directors declared the following dividends during the year ended December 31, 2024:
|
|
|
|
|
|
|
|
|
Quarter |
|
Dividend/Share
Amount |
|
|
Record Date |
|
Payment Date |
1st |
|
$ |
0.25 |
|
|
March 13, 2024 |
|
March 29, 2024 |
2nd |
|
$ |
0.29 |
|
|
May 31, 2024 |
|
June 14, 2024 |
3rd |
|
$ |
0.29 |
|
|
August 30, 2024 |
|
September 13, 2024 |
4th |
|
$ |
4.20 |
|
|
December 16, 2024 |
|
January 24, 2025 |
|
| Schedule of Changes in Equity Accounts |
Summary of changes in equity accounts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
Capital in excess of par value |
|
|
Stock dividends distributable |
|
|
Treasury Stock, at cost |
|
|
Total distributable earnings (losses) |
|
|
Total Stockholders’
Equity (Net Assets) |
|
January 1, 2023 |
|
$ |
264,892 |
|
|
$ |
51,464,267 |
|
|
$ |
— |
|
|
$ |
(1,566,605 |
) |
|
$ |
7,558,766 |
|
|
$ |
57,721,320 |
|
Dividend declaration |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,432,757 |
) |
|
|
(3,432,757 |
) |
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles |
|
|
— |
|
|
|
4,336,903 |
|
|
|
— |
|
|
|
— |
|
|
|
(4,336,903 |
) |
|
|
— |
|
Net increase in net assets from operations |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,526,650 |
|
|
|
6,526,650 |
|
December 31, 2023 |
|
$ |
264,892 |
|
|
$ |
55,801,170 |
|
|
$ |
— |
|
|
$ |
(1,566,605 |
) |
|
$ |
6,315,756 |
|
|
$ |
60,815,213 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January 1, 2024 |
|
$ |
264,892 |
|
|
$ |
55,801,170 |
|
|
$ |
— |
|
|
$ |
(1,566,605 |
) |
|
$ |
6,315,756 |
|
|
$ |
60,815,213 |
|
Dividend declaration |
|
|
— |
|
|
|
— |
|
|
|
8,672,231 |
|
|
|
— |
|
|
|
(12,982,536 |
) |
|
|
(4,310,305 |
) |
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles |
|
|
— |
|
|
|
(381,550 |
) |
|
|
— |
|
|
|
— |
|
|
|
381,550 |
|
|
|
— |
|
Net increase in net assets from operations |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,827,612 |
|
|
|
8,827,612 |
|
December 31, 2024 |
|
$ |
264,892 |
|
|
$ |
55,419,620 |
|
|
$ |
8,672,231 |
|
|
$ |
(1,566,605 |
) |
|
$ |
2,542,382 |
|
|
$ |
65,332,520 |
|
|