Royce Micro-Cap Trust (RMT) Reduces Quarterly Dividend by 5.3%

In a strategic move, Royce Micro-Cap Trust (RMT) has announced a 5.3% reduction in its quarterly dividend. This adjustment brings the dividend per share to $0.18, down from the previous $0.19. Despite this decrease, the forward yield remains robust at 8.25%, continuing to provide substantial returns to investors.

Key Dates for Shareholders

Shareholders should note the crucial dates associated with this dividend announcement. The dividend is scheduled for payment on June 25. Investors aiming to benefit from this payout must be recorded by June 12, which is also marked as the ex-dividend date.

Implications for Investors

While a reduction in the dividend might initially seem concerning, the decision by Royce Micro-Cap Trust aligns with broader strategic objectives. The forward yield of 8.25% remains competitive, offering investors a reliable income stream. This adjustment allows the trust to potentially reinvest into other growth opportunities within its portfolio, optimizing long-term shareholder value.

For investors, this change is a signal to revisit and assess their portfolio strategy, ensuring alignment with their income and growth objectives. Staying informed about such changes is crucial for maintaining a well-balanced investment strategy.

Royce Micro-Cap Trust (RMT) Reduces Quarterly Dividend by 5.3%

Royce Micro-Cap Trust (RMT) announced a 5.3% reduction in its quarterly dividend, lowering the dividend per share to $0.18 from $0.19. The forward yield remains at 8.25%, providing reliable income to investors. Key dates include an ex-dividend date of June 12 and a payment date of June 25. The decision aligns with strategic goals to reinvest in portfolio growth while maintaining investor returns.