Royce Micro-Cap Trust Inc. (RMT) Increases Dividend to $0.17 Per Share
Royce Micro-Cap Trust Inc. (NYSE:RMT) announced a quarterly dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Wednesday, September 13th will be paid a dividend of 0.17 per share by the financial services provider on Tuesday, September 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Tuesday, September 12th. This is a boost from Royce Micro-Cap Trust’s previous quarterly dividend of $0.16.
Royce Micro-Cap Trust has decreased its dividend by an average of 22.6% annually over the last three years.
Shares of Royce Micro-Cap Trust (NYSE RMT) traded up 0.46% during midday trading on Wednesday, hitting $8.65. 37,244 shares of the stock were exchanged. Royce Micro-Cap Trust has a 52-week low of $7.17 and a 52-week high of $8.94. The firm’s 50 day moving average price is $8.53 and its 200-day moving average price is $8.52.
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About Royce Micro-Cap Trust
Royce Micro-Cap Trust, Inc (the Fund) is a diversified closed-end investment company. The Fund invests primarily in micro-cap securities. The Fund invests in a range of sectors, including information technology, software, technology hardware, storage and peripherals, chemicals, construction materials, containers and packaging, metals and mining, real estate, telecommunication services, utilities and miscellaneous.
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