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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid 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 of this dividend 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 Price Performance

RMT stock traded down $0.11 during midday trading on Tuesday, reaching $8.93. The company’s stock had a trading volume of 297,646 shares, compared to its average volume of 101,943. The business’s 50-day simple moving average is $9.84 and its 200-day simple moving average is $9.77. Royce Micro-Cap Trust has a 52 week low of $8.59 and a 52 week high of $10.43.

Insider Transactions at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the transaction, the insider now owns 1,070,942 shares of the company’s stock, valued at approximately $10,677,291.74. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 150,000 shares of company stock worth $1,489,500 in the last three months. 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.