Royce Small-Cap Trust, Inc. (NYSE:RVT) Declares Quarterly Dividend of $0.33

Key Points

• Royce Small-Cap Trust declared a quarterly dividend of $0.33 per share, payable September 29 to shareholders of record on September 11. The payment is a 6.5% increase from the prior $0.31 dividend and implies a 7.2% annualized yield.
• RVT shares rose 0.6% to $18.31, trading between a 52-week low of $14.97 and high of $19.12.
• Institutional investors own 25.57% of the trust, with several major holders—including Morgan Stanley, Raymond James and LPL Financial—recently increasing their positions.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.33 per share by the financial services provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, September 11th. This is a 6.5% increase from Royce Small-Cap Trust's previous quarterly dividend of $0.31.

Royce Small-Cap Trust Trading Up 0.6%

NYSE:RVT traded up $0.12 on Wednesday, hitting $18.31. The stock had a trading volume of 92,590 shares, compared to its average volume of 301,076. The business's 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $18.02. Royce Small-Cap Trust has a 52-week low of $14.97 and a 52-week high of $19.12.

Institutional Trading of Royce Small-Cap Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Royce Small-Cap Trust by 0.9% during the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider's stock valued at $94,718,000 after buying an additional 54,485 shares during the last quarter. Morgan Stanley boosted its position in shares of Royce Small-Cap Trust by 9.1% during the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider's stock worth $100,665,000 after acquiring an additional 519,959 shares during the last quarter. Raymond James Financial Inc. grew its stake in Royce Small-Cap Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider's stock valued at $47,776,000 after acquiring an additional 198,905 shares in the last quarter. LPL Financial LLC increased its holdings in Royce Small-Cap Trust by 9.4% in the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider's stock valued at $36,338,000 after acquiring an additional 194,412 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Royce Small-Cap Trust by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider's stock valued at $26,971,000 after acquiring an additional 13,087 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company's stock.

About Royce Small-Cap Trust

Royce Small-Cap Trust NYSE: RVT is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.

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