Royce Micro Capital Trust Inc. (NYSE:RMT) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 13th will be given a dividend of 0.20 per share by the financial services provider on Wednesday, December 27th. This represents a $0.80 annualized dividend and a dividend yield of 8.48%. The ex-dividend date is Tuesday, December 12th. This is a boost from Royce Micro Capital Trust’s previous quarterly dividend of $0.17.
Royce Micro Capital Trust has decreased its dividend payment by an average of 38.0% annually over the last three years.
Royce Micro Capital Trust (RMT) traded down $0.01 during trading on Tuesday, reaching $9.43. 98,416 shares of the company traded hands, compared to its average volume of 98,650. Royce Micro Capital Trust has a 12-month low of $8.00 and a 12-month high of $9.53.
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About Royce Micro Capital Trust
Royce Micro-Cap Trust, Inc (the Fund) is a diversified closed-end investment company. The Fund invests primarily in micro-cap securities. The Fund invests in a range of sectors, including information technology, software, technology hardware, storage and peripherals, chemicals, construction materials, containers and packaging, metals and mining, real estate, telecommunication services, utilities and miscellaneous.
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