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. Shareholders of record on Thursday, March 13th will be given 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 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 Trading Down 1.2 %

NYSE RMT opened at $8.93 on Wednesday. The firm’s 50 day moving average is $9.82 and its 200-day moving average is $9.77. Royce Micro-Cap Trust has a 12-month low of $8.59 and a 12-month high of $10.43.

Insider Transactions at Royce Micro-Cap Trust

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