Royce Otc Micro (NYSE:RMT) Increases Dividend to $0.21 Per Share

Royce Otc Micro (NYSE:RMT) announced a quarterly dividend on Monday, June 1st. Stockholders 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 6.0%. The ex-dividend date of this dividend 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 Performance

NYSE:RMT opened at $13.97 on Tuesday. Royce Otc Micro has a 52 week low of $8.66 and a 52 week high of $14.25. The stock’s 50-day moving average price is $12.80 and its 200-day moving average price is $11.73.

Institutional Investors Weigh In On Royce Otc Micro

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Royce Otc Micro in the 4th quarter worth about $31,000. Advisory Services Network LLC acquired a new stake in Royce Otc Micro in the 3rd quarter worth about $36,000. Kestra Advisory Services LLC acquired a new stake in Royce Otc Micro in the 4th quarter worth about $40,000. Heritage Financial Services LLC acquired a new stake in Royce Otc Micro in the 4th quarter worth about $105,000. Finally, Verus Capital Partners LLC boosted its holdings in Royce Otc Micro by 13.4% in the 3rd quarter. Verus Capital Partners LLC now owns 13,150 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,557 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors and hedge funds.

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.