Royce Micro-Cap Trust, Inc. (NYSE:RMT – Get Free Report) President Christopher D. Clark purchased 5,400 shares of the company’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $9.56 per share, for a total transaction of $51,624.00. Following the acquisition, the president now directly owns 53,040 shares of the company’s stock, valued at approximately $507,062.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Royce Micro-Cap Trust Stock Performance
Shares of NYSE RMT opened at $9.67 on Thursday. The stock’s fifty day simple moving average is $9.43 and its 200 day simple moving average is $9.32. Royce Micro-Cap Trust, Inc. has a 52-week low of $7.67 and a 52-week high of $10.11.
Royce Micro-Cap Trust Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Thursday, June 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.72 dividend on an annualized basis and a yield of 7.45%. This is a boost from Royce Micro-Cap Trust’s previous quarterly dividend of $0.17.
Institutional Trading of Royce Micro-Cap Trust
Royce Micro-Cap Trust Company Profile
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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