Royce Micro-Cap Trust, Inc.
RMTFinancial Services · Stock · quarterly payer
Forward Yield
6.25%
Annual Dividend
$0.87
Payout Ratio
12%
5-Yr Growth
5.3%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, Royce Micro-Cap Trust, Inc. (RMT) yields 6.25% ($0.87 per share annually), with a blended fair-value estimate of $7.76 — -44% downside, so it screens as overvalued. Dividend safety grade: C (56/100). 1 years of dividend growth.
Is RMT a good dividend stock?
MixedRoyce Micro-Cap Trust, Inc. (RMT) pays a quarterly dividend yielding 6.25% ($0.87/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 (12%)
- Strong 5.3% 5-yr dividend growth
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 6.25%
- Payout Ratio
- 12%
- Annual Dividend
- $0.87
- 5-Yr Avg Growth
- 5.3%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.23
- Market Cap
- $754.9M
- P/E Ratio
- 2.0
- 5-Yr Total Return
- 22%
- 52-Week Range
- $9.52 – $14.78
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RMT Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+68%
5 Years
+22%
52-Week Range
$9.52 – $14.78
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RMT worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Royce Micro-Cap Trust, Inc. is $7.76 per share, versus a market price of $13.93. That implies 44% of downside.
Fair Value
$7.76
Current Price
$13.93
Downside
-44%
Margin of Safety
-79%
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.
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, $7.06 EPS, $0.87 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 $0.87 / yr per share
