Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) announced a quarterly dividend on Monday, June 2nd, RTT News reports. Investors of record on Thursday, June 12th will be given a dividend of 0.18 per share by the financial services provider on Wednesday, June 25th. This represents a $0.72 annualized dividend and a yield of 7.96%. The ex-dividend date of this dividend is Thursday, June 12th.
Royce Micro-Cap Trust has decreased its dividend by an average of 4.1% per year over the last three years.
Royce Micro-Cap Trust Trading Up 1.3%
NYSE:RMT traded up $0.12 during midday trading on Friday, reaching $9.05. 63,555 shares of the company traded hands, compared to its average volume of 117,178. The company has a fifty day moving average price of $8.30 and a 200 day moving average price of $9.18. Royce Micro-Cap Trust has a twelve month low of $7.25 and a twelve month high of $10.43.
Insider Buying and Selling at Royce Micro-Cap Trust
In other news, insider Charles M. Royce sold 43,229 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $8.31, for a total transaction of $359,232.99. Following the completion of the transaction, the insider now owns 798,970 shares in the company, valued at approximately $6,639,440.70. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.
Institutional Trading of Royce Micro-Cap Trust
Hedge funds have recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in Royce Micro-Cap Trust in the 4th quarter worth about $148,000. NewEdge Advisors LLC boosted its position in shares of Royce Micro-Cap Trust by 9.6% during the first quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider's stock worth $257,000 after buying an additional 2,675 shares during the period. Finally, Royal Bank of Canada grew its holdings in Royce Micro-Cap Trust by 5.2% in the 1st quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider's stock worth $1,753,000 after buying an additional 10,290 shares in the last quarter. 34.98% of the stock is currently owned by institutional investors.
About Royce Micro-Cap Trust
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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.
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