Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.55%. The ex-dividend date is Thursday, March 13th.
Royce Micro-Cap Trust has decreased its dividend payment by an average of 4.1% annually over the last three years.
Royce Micro-Cap Trust Stock Up 0.3 %
Royce Micro-Cap Trust stock traded up $0.03 during midday trading on Friday, reaching $8.89. The stock had a trading volume of 172,150 shares, compared to its average volume of 102,232. The firm's fifty day simple moving average is $9.77 and its 200-day simple moving average is $9.75. Royce Micro-Cap Trust has a 1-year low of $8.59 and a 1-year high of $10.43.
Insider Activity at Royce Micro-Cap Trust
In related news, insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $9.88, for a total value of $494,000.00. Following the sale, the insider now owns 1,270,942 shares of the company's stock, valued at approximately $12,556,906.96. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 150,000 shares of company stock valued at $1,489,500. 0.18% of the stock is owned by insiders.
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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