Royce Micro-Cap Trust, Inc. Plans Quarterly Dividend of $0.19 (NYSE:RMT)

Royce Micro-Cap Trust, Inc. (NYSE:RMT) announced 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 8.52%. The ex-dividend date is Thursday, March 13th.

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 Stock Down 1.2 %

RMT traded down $0.11 on Tuesday, hitting $8.93. The company’s stock had a trading volume of 297,646 shares, compared to its average volume of 101,943. Royce Micro-Cap Trust has a 12 month low of $8.59 and a 12 month high of $10.43. The company’s 50 day simple moving average is $9.84 and its 200-day simple moving average is $9.77.

Insider Transactions at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total transaction of $498,500.00. Following the sale, the insider now directly owns 1,070,942 shares in the company, valued at approximately $10,677,291.74. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 150,000 shares of company stock valued at $1,489,500 over the last three months. Company insiders own 0.18% of the company’s stock.

About Royce Micro-Cap Trust

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.