Royce Micro-Cap Trust, Inc. (NYSE:RMT) to Issue Quarterly Dividend of $0.18

Royce Micro-Cap Trust, Inc. (NYSE:RMT) declared a quarterly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.18 per share by the financial services provider on Monday, September 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Friday, September 13th.

Royce Micro-Cap Trust has raised its dividend by an average of 6.7% annually over the last three years.

Royce Micro-Cap Trust Stock Up 0.1 %

Shares of NYSE RMT opened at $9.20 on Wednesday. The firm’s 50 day simple moving average is $9.54 and its 200-day simple moving average is $9.36. Royce Micro-Cap Trust has a 12 month low of $7.67 and a 12 month high of $10.11.

Insider Buying and Selling

In other news, President Christopher D. Clark acquired 5,400 shares of the business’s stock in a transaction on Friday, August 16th. The stock was bought at an average price of $9.56 per share, with a total value of $51,624.00. Following the completion of the acquisition, the president now owns 53,040 shares of the company’s stock, valued at $507,062.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Royce Micro-Cap Trust Company Profile

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, 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 primarily invests in value stocks of companies with market capitalization of less than $500 million.