Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) declared 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 dividend yield of 8.09%. The ex-dividend date is Thursday, June 12th.
Royce Micro-Cap Trust has decreased its dividend by an average of 4.1% annually over the last three years.
Royce Micro-Cap Trust Stock Performance
Shares of NYSE:RMT traded up $0.07 during midday trading on Wednesday, hitting $8.90. 118,762 shares of the company's stock traded hands, compared to its average volume of 117,410. Royce Micro-Cap Trust has a twelve month low of $7.25 and a twelve month high of $10.43. The firm's fifty day moving average price is $8.29 and its two-hundred day moving average price is $9.19.
Insider Buying and Selling
In related news, insider Charles M. Royce sold 43,229 shares of Royce Micro-Cap Trust stock in a transaction on Monday, May 5th. The shares were sold at an average price of $8.31, for a total transaction of $359,232.99. Following the sale, the insider now owns 798,970 shares of the company's stock, valued at $6,639,440.70. The trade was a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Royce Micro-Cap Trust
Hedge funds and other institutional investors have recently modified their holdings of the stock. Revolve Wealth Partners LLC bought a new stake in shares of Royce Micro-Cap Trust in the 4th quarter worth about $148,000. NewEdge Advisors LLC increased its position in shares of Royce Micro-Cap Trust by 9.6% in the 1st quarter. NewEdge Advisors LLC now owns 30,469 shares of the financial services provider's stock worth $257,000 after purchasing an additional 2,675 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of 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 purchasing an additional 10,290 shares during the last quarter. Institutional investors own 34.98% of the company's stock.
About Royce Micro-Cap Trust
(
Get Free Report)
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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