Royce Micro-Cap Trust, Inc. (RMT) to Issue Quarterly Dividend of $0.18 on September 23rd

Royce Micro-Cap Trust, Inc. (NYSE:RMT) announced a quarterly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders 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 dividend yield of 7.83%. The ex-dividend date is Friday, September 13th.

Royce Micro-Cap Trust has increased its dividend payment by an average of 6.7% per year over the last three years.

Royce Micro-Cap Trust Stock Performance

Shares of RMT stock opened at $9.20 on Wednesday. The business has a fifty day moving average of $9.54 and a 200 day moving average of $9.36. Royce Micro-Cap Trust has a 1 year low of $7.67 and a 1 year high of $10.11.

Insider Transactions at Royce Micro-Cap Trust

In other news, President Christopher D. Clark bought 5,400 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased 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 directly owns 53,040 shares of the company’s stock, valued at approximately $507,062.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

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.