Royce Small-Cap Trust, Inc. (RVT) To Go Ex-Dividend on December 11th

by · The Cerbat Gem

Royce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report) announced a quarterly dividend on Monday, December 1st. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.54 per share by the financial services provider on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Thursday, December 11th. This is a 86.2% increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Royce Small-Cap Trust Price Performance

RVT opened at $16.40 on Tuesday. The firm has a 50 day moving average price of $15.97 and a 200-day moving average price of $15.64. Royce Small-Cap Trust has a twelve month low of $12.12 and a twelve month high of $16.91.

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors LLC increased its position 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 valued at $11,057,000 after acquiring an additional 566,576 shares during the last quarter. Shaker Financial Services LLC grew its stake in shares of Royce Small-Cap Trust by 105.7% during the 2nd quarter. Shaker Financial Services LLC now owns 585,074 shares of the financial services provider’s stock valued at $8,805,000 after purchasing an additional 300,677 shares during the period. Raymond James Financial Inc. increased its position in shares of Royce Small-Cap Trust by 6.7% during the 2nd 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 during the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Royce Small-Cap Trust by 41.1% in the 3rd 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 period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Royce Small-Cap Trust by 38.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock worth $10,430,000 after purchasing an additional 190,986 shares during the period. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Company Profile

(Get Free Report)

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.

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