Royce Small-Cap Trust, Inc.
RVTFinancial Services · Stock · quarterly payer
Forward Yield
7.98%
Annual Dividend
$1.44
Payout Ratio
49%
5-Yr Growth
2.4%
Ex-Date
Jun 11, 2026
Frequency
Quarterly
Summary
As of July 2026, Royce Small-Cap Trust, Inc. (RVT) yields 7.98% ($1.44 per share annually), with a blended fair-value estimate of $27.70 — +54% upside, so it screens as undervalued. Dividend safety grade: C (64/100). 2 years of dividend growth.
Is RVT a good dividend stock?
Yes, with caveatsRoyce Small-Cap Trust, Inc. (RVT) pays a quarterly dividend yielding 7.98% ($1.44/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (49%)
Risks
- Cut its dividend in 2023
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.98%
- Payout Ratio
- 49%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- 2.4%
- Ex-Dividend Date
- Jun 11, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.24
- Market Cap
- $2.2B
- P/E Ratio
- 6.2
- 5-Yr Total Return
- -5%
- 52-Week Range
- $14.78 – $18.88
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RVT Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+30%
5 Years
-5%
52-Week Range
$14.78 – $18.88
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RVT worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Royce Small-Cap Trust, Inc. is $27.70 per share, versus a market price of $18.04. That implies 54% of upside — a margin of safety of about 35%.
Fair Value
$27.70
Current Price
$18.04
Upside
+54%
Margin of Safety
35%
How we get there
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 3.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.5% discount rate (CAPM), 3.0% stage-1 growth, 2.5% terminal growth, $2.90 EPS, $1.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RVT 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 | — | $0.3100 | regular |
| Mar 12, 2026 | — | $0.3000 | regular |
| Dec 11, 2025 | — | $0.5400 | regular |
| Sep 12, 2025 | — | $0.2900 | regular |
| Jun 12, 2025 | — | $0.2900 | regular |
| Mar 13, 2025 | — | $0.3000 | regular |
| Dec 12, 2024 | — | $0.4400 | regular |
| Sep 13, 2024 | — | $0.2800 | regular |
| Jun 13, 2024 | — | $0.2800 | regular |
| Mar 8, 2024 | — | $0.2700 | regular |
| Dec 8, 2023 | — | $0.2900 | regular |
| Sep 8, 2023 | — | $0.2600 | regular |
| Jun 9, 2023 | — | $0.2500 | regular |
| Mar 10, 2023 | — | $0.2700 | regular |
Income Calculator
At $1.44 / yr per share
