Royce Otc Micro (RMT) to Issue Quarterly Dividend of $0.19 on March 30th

Royce Otc Micro (NYSE:RMT) announced a quarterly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.19 per share by the financial services provider on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, March 12th.

Royce Otc Micro Stock Performance

Shares of NYSE:RMT traded up $0.16 during midday trading on Tuesday, reaching $11.78. The company’s stock had a trading volume of 16,152 shares, compared to its average volume of 155,929. The business’s fifty day simple moving average is $11.63 and its 200-day simple moving average is $10.80. Royce Otc Micro has a fifty-two week low of $7.25 and a fifty-two week high of $12.50.

Institutional Trading of Royce Otc Micro

Several institutional investors and hedge funds have recently bought and sold shares of RMT. Saba Capital Management L.P. increased its holdings in shares of Royce Otc Micro by 85.7% during the 4th quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock worth $27,274,000 after acquiring an additional 1,206,828 shares during the last quarter. Modern Wealth Management LLC grew its stake in Royce Otc Micro by 1.9% during the second quarter. Modern Wealth Management LLC now owns 1,095,569 shares of the financial services provider’s stock worth $10,134,000 after buying an additional 20,815 shares in the last quarter. UBS Group AG lifted its stake in Royce Otc Micro by 1.2% during the third quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock worth $10,846,000 after purchasing an additional 12,378 shares during the last quarter. LPL Financial LLC grew its position in Royce Otc Micro by 26.2% in the fourth quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock valued at $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Royce Otc Micro by 4.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,002,939 shares of the financial services provider’s stock valued at $10,461,000 after buying an additional 39,186 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.