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Rand Capital Reports Strong 2024 Financial Results

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Rand Capital Reports Strong 2024 Financial Results

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The latest update is out from Rand Capital ( (RAND) ).

Rand Capital reported strong financial results for 2024, with a 17% increase in investment income to $8.6 million, driven by an expanded debt investment portfolio. The company increased its regular quarterly cash dividend by 16% and declared total dividends of $5.03 per share. Rand’s strategic focus on debt investments, which now make up 75% of its portfolio, has improved yields and net interest income. The company reduced its outstanding bank debt by $15.7 million and invested nearly $14 million in income-generating investments, positioning itself for continued growth in 2025.

More about Rand Capital

Rand Capital Corporation is a business development company that provides alternative financing for lower middle market companies.

YTD Price Performance: 17.45%

Average Trading Volume: 17,302

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $56.81M

Find detailed analytics on RAND stock on TipRanks’ Stock Analysis page.

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