Royce Micro-Cap Trust Increases Quarterly Dividend by 9.5%
Royce Micro-Cap Trust Inc (RMT) has raised its quarterly dividend to $0.23 per share, representing a 9.5% increase from the previous payout of $0.21. The new dividend will be payable on September 29 for shareholders recorded as of September 11, with an ex-dividend date also set for September 11. The forward yield based on this increased payment is estimated at 6.7%, which could attract income-focused investors seeking higher returns from micro-cap equities. The move aligns with RMT's strategy to provide consistent and growing dividends while leveraging the performance of small-cap stocks, as highlighted in recent communications about market opportunities for such investments.
Tickers: $RMT
Topics: dividend income investing