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. The fund employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. It was formerly known as RENN Global Entrepreneurs Fund, Inc. RENN Fund, Inc. was formed on January 20, 1994 and is domiciled in the United States.
RENN Fund Dividend Announcement
• RENN Fund announced a quarterly dividend of $0.02 per ordinary share which will be made payable on 2023-12-29. Ex dividend date: 2023-12-15
• RENN Fund annual dividend for 2023 was $0.02
• RENN Fund's trailing twelve-month (TTM) dividend yield is 0.57%
RENN Fund Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-15 | $0.02 | quarterly | 2023-12-29 |
2022-12-22 | $0.00 | quarterly | 2022-12-30 |
2022-12-19 | $0.00 | quarterly | |
2021-12-21 | $0.02 | quarterly | 2021-12-30 |
2008-10-01 | $0.10 | quarterly | |
2008-06-26 | $0.10 | quarterly | 2008-07-15 |
2008-03-18 | $0.10 | quarterly | 2008-03-31 |
2007-12-27 | $0.10 | quarterly | 2008-01-14 |
2006-11-15 | $0.10 | quarterly | |
2006-08-11 | $0.10 | quarterly | |
2006-05-12 | $0.10 | quarterly | |
2006-02-21 | $0.10 | quarterly | |
2005-12-28 | $0.93 | quarterly | |
2005-11-15 | $0.10 | quarterly | |
2005-08-11 | $0.10 | quarterly | |
2005-05-12 | $0.10 | quarterly | |
2005-02-16 | $0.10 | quarterly | |
2004-12-29 | $2.77 | quarterly | |
2004-11-10 | $0.10 | quarterly | |
2004-08-13 | $0.10 | quarterly | |
2004-05-12 | $0.10 | quarterly | |
2004-02-13 | $0.10 | quarterly | |
2003-12-29 | $0.85 | quarterly | |
2003-11-13 | $0.10 | quarterly | |
2003-08-13 | $0.10 | quarterly | |
2003-05-23 | $0.10 | quarterly | |
2003-05-14 | $0.10 | quarterly | |
2003-02-18 | $0.10 | quarterly | |
2002-11-25 | $0.10 | quarterly | |
2001-07-20 | $0.54 | quarterly | |
2000-05-24 | $1.54 | quarterly | |
2000-01-18 | $0.08 | quarterly |
RENN Fund Dividend per year
RENN Fund Dividend growth
RENN Fund Dividend Yield
RENN Fund current trailing twelve-month (TTM) dividend yield is 0.57%. Interested in purchasing RENN Fund stock? Use our calculator to estimate your expected dividend yield:
RENN Fund Financial Ratios
RENN Fund Dividend FAQ
Other factors to consider when evaluating RENN Fund as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: RENN Fund's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, RENN Fund publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, RENN Fund distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from RENN Fund are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: RENN Fund sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, RENN Fund distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: RENN Fund declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of RENN Fund's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review RENN Fund's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.