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

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 payment by an average of 4.1% annually over the last three years.

Royce Micro-Cap Trust Price Performance

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

Insiders Place Their Bets

In other news, insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following the transaction, the insider now owns 1,120,942 shares in the company, valued at $11,142,163.48. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 150,000 shares of company stock worth $1,489,500 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.