Royce Small-Cap Trust, Inc. (NYSE:RVT) Announces Quarterly Dividend of $0.30

Royce Small-Cap Trust, Inc. (NYSE:RVT) announced a quarterly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, March 12th.

Royce Small-Cap Trust Stock Down 2.4%

Shares of NYSE:RVT opened at $18.14 on Wednesday. Royce Small-Cap Trust has a twelve month low of $12.12 and a twelve month high of $18.73. The stock’s 50 day moving average is $17.45 and its 200-day moving average is $16.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cornerstone Advisors LLC grew its holdings in Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock worth $11,057,000 after buying an additional 566,576 shares in the last quarter. Morgan Stanley grew its stake in shares of Royce Small-Cap Trust by 9.1% in the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after acquiring an additional 519,959 shares in the last quarter. Paller Financial Services Inc purchased a new stake in shares of Royce Small-Cap Trust in the fourth quarter valued at about $5,106,000. Raymond James Financial Inc. lifted its position in shares of Royce Small-Cap Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 198,905 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in Royce Small-Cap Trust by 41.1% during the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 197,680 shares during the last quarter. Institutional investors own 25.57% of the company’s stock.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.