Royce Otc Micro (RMT) to Issue Quarterly Dividend of $0.21 on June 29th

Royce Otc Micro (NYSE:RMT) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be given a dividend of 0.21 per share by the financial services provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, June 11th. This is a 10.5% increase from Royce Otc Micro’s previous quarterly dividend of $0.19.

Royce Otc Micro Stock Up 1.9%

Shares of NYSE:RMT opened at $14.24 on Wednesday. The company has a 50-day moving average price of $12.80 and a 200-day moving average price of $11.73. Royce Otc Micro has a 12 month low of $8.66 and a 12 month high of $14.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its position in shares of Royce Otc Micro by 3.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,732 shares of the financial services provider’s stock worth $248,000 after buying an additional 897 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Royce Otc Micro by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 60,599 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 926 shares in the last quarter. Sapient Capital LLC lifted its stake in Royce Otc Micro by 2.3% in the fourth quarter. Sapient Capital LLC now owns 47,740 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 1,068 shares during the period. Diversify Advisory Services LLC lifted its stake in Royce Otc Micro by 1.9% in the third quarter. Diversify Advisory Services LLC now owns 65,302 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 1,231 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Royce Otc Micro by 2.6% in the fourth quarter. First Trust Advisors LP now owns 52,271 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 1,328 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

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.