Royce Otc Micro (NYSE:RMT) Raises Dividend to $0.23 Per Share

Royce Otc Micro (NYSE:RMT) declared a quarterly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be paid a dividend of 0.23 per share by the financial services provider on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, September 11th. This is a 9.5% increase from Royce Otc Micro’s previous quarterly dividend of $0.21.

Royce Otc Micro Stock Up 0.6%

Shares of RMT traded up $0.08 during midday trading on Wednesday, reaching $13.78. 9,403 shares of the stock were exchanged, compared to its average volume of 136,218. Royce Otc Micro has a 12-month low of $9.52 and a 12-month high of $14.78. The firm has a 50 day simple moving average of $14.11 and a 200-day simple moving average of $13.23.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.