Royce Micro-Cap Trust, Inc. (NYSE:RMT) Declares Quarterly Dividend of $0.19

Royce Micro-Cap Trust, Inc. (NYSE:RMT) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.19 per share by the financial services provider on Wednesday, March 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Thursday, March 13th.

Royce Micro-Cap Trust has decreased its dividend payment by an average of 4.1% per year over the last three years.

Royce Micro-Cap Trust Stock Performance

NYSE RMT traded down $0.11 during trading hours on Tuesday, reaching $8.93. 297,646 shares of the company were exchanged, compared to its average volume of 101,943. Royce Micro-Cap Trust has a 1 year low of $8.59 and a 1 year high of $10.43. The business’s 50 day simple moving average is $9.84 and its 200-day simple moving average is $9.77.

Insider Transactions at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the completion of the transaction, the insider now directly owns 1,120,942 shares of the company’s stock, valued at approximately $11,142,163.48. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 in the last quarter. 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.