RENN Fund, Inc. (NYSE:RCG) Plans Dividend Increase – $0.02 Per Share

RENN Fund, Inc. (NYSE:RCG) announced an annual dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.0224 per share on Friday, December 27th. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 18th. This is a positive change from RENN Fund’s previous annual dividend of $0.02.

RENN Fund Price Performance

NYSE:RCG opened at $2.51 on Wednesday. The firm has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.01. RENN Fund has a 12-month low of $1.52 and a 12-month high of $2.85.

About RENN Fund

RENN Fund, Inc is a closed ended equity mutual fund launched by RENN Capital Group, Inc The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies.