Royce Micro-Cap Trust, Inc.
RMTFinancial Services · Stock · quarterly payer
Forward Yield
5.89%
Annual Dividend
$0.82
Payout Ratio
48%
5-Yr Growth
5.3%
Ex-Date
Jun 11, 2026
Frequency
Quarterly
Summary
As of July 2026, Royce Micro-Cap Trust, Inc. (RMT) yields 5.89% ($0.82 per share annually), with a blended fair-value estimate of $12.20 — -11% downside, so it screens as fairly valued. Dividend safety grade: C (55/100). 1 years of dividend growth.
Is RMT a good dividend stock?
MixedRoyce Micro-Cap Trust, Inc. (RMT) pays a quarterly dividend yielding 5.89% ($0.82/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (48%)
- Strong 5.3% 5-yr dividend growth
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 5.89%
- Payout Ratio
- 48%
- Annual Dividend
- $0.82
- 5-Yr Avg Growth
- 5.3%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.21
- Market Cap
- $735.9M
- P/E Ratio
- 8.4
- 5-Yr Total Return
- 15%
- 52-Week Range
- $9.13 – $14.78
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RMT Price — Last 12 Months
Daily close
Price Return
1 Year
+35%
3 Years
+53%
5 Years
+15%
52-Week Range
$9.13 – $14.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RMT worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Royce Micro-Cap Trust, Inc. is $12.20 per share, versus a market price of $13.76. That implies the stock is roughly fairly priced.
Fair Value
$12.20
Current Price
$13.76
Gap
-11%
Margin of Safety
-13%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 4.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.4% discount rate (CAPM), 4.3% stage-1 growth, 2.5% terminal growth, $1.64 EPS, $0.82 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RMT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 11, 2026 | — | $0.2100 | regular |
| Mar 12, 2026 | — | $0.1900 | regular |
| Dec 11, 2025 | — | $0.2400 | regular |
| Sep 12, 2025 | — | $0.1800 | regular |
| Jun 12, 2025 | — | $0.1800 | regular |
| Mar 13, 2025 | — | $0.1900 | regular |
| Dec 12, 2024 | — | $0.2100 | regular |
| Sep 13, 2024 | — | $0.1800 | regular |
| Jun 13, 2024 | — | $0.1800 | regular |
| Mar 8, 2024 | — | $0.1700 | regular |
| Dec 8, 2023 | — | $0.2200 | regular |
| Sep 8, 2023 | — | $0.1700 | regular |
| Jun 9, 2023 | — | $0.1700 | regular |
| Mar 10, 2023 | — | $0.1800 | regular |
Income Calculator
At $0.82 / yr per share
