SmarterDividends
RVT

Royce Small-Cap Trust, Inc.

RVT

Financial Services · Asset Management · Stock · quarterly payer

$16.90

Fairly valued · -12% Add to Portfolio

Forward Yield

8.80%

Annual Dividend

$1.48

Payout Ratio

198%

5-Yr Growth

2.4%

Ex-Date

Sep 11, 2026

Frequency

Quarterly

Key facts about RVT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 29, 2026, Royce Small-Cap Trust, Inc. (RVT) has a forward dividend yield of 8.80%, based on an annual dividend of $1.48 per share and a share price of $16.90.
  • As of Oct 29, 2026, RVT's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Royce Small-Cap Trust, Inc. (RVT) has raised its dividend for 2 consecutive years as of Oct 29, 2026.
  • RVT last cut its regular dividend in 2023.
  • RVT's most recent ex-dividend date was Sep 11, 2026, for a dividend of $0.33 per share.
  • As of Oct 29, 2026, RVT pays out 198% of its trailing 12-month earnings as dividends (its payout ratio).
  • RVT's dividend has grown at an average rate of 2.4% a year over the past five years.
  • As of Oct 29, 2026, SmarterDividends' blended fair-value estimate for RVT is $14.80 per share, 12% below the $16.90 share price, so RVT screens as fairly valued.
  • Royce Small-Cap Trust, Inc. (RVT) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "RVT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 29, 2026, https://smarterdividends.com/stocks/RVT

Summary

As of Oct 29, 2026, Royce Small-Cap Trust, Inc. (RVT) yields 8.80% ($1.48 a year per share), has a dividend safety grade of C (59/100) and has 2 consecutive years of dividend increases on record.

Is RVT a good dividend stock?

Yes, with caveats

Royce Small-Cap Trust, Inc. (RVT) pays a quarterly dividend yielding 8.80% ($1.48/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

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (198%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    8.80%
    Payout Ratio
    198%
    Annual Dividend
    $1.48
    5-Yr Avg Growth
    2.4%
    Ex-Dividend Date
    Sep 11, 2026
    Years of Growth
    2
    Frequency
    quarterly
    Beta
    1.26
    Market Cap
    $2.1B
    P/E Ratio
    23.5
    5-Yr Total Return
    -11%
    52-Week Range
    $14.97 – $19.12
    Dividend Safety
    C · 59/100
    Ever Cut?
    Yes (2023)

    RVT dividend changes

    Royce Small-Cap Trust, Inc. (RVT) pays a variable dividend: across the 122 payments on record since 1987, 45 were higher than the one before and 40 lower. The latest change was up 6.5% to $0.330 per share, going ex-dividend on Sep 11, 2026.

    Ex-dateChangeOld → newMove
    Sep 11, 2026Higher$0.310 → $0.330+6.5%
    Jun 11, 2026Higher$0.300 → $0.310+3.3%
    Mar 12, 2026Higher$0.290 → $0.300+3.4%
    Jun 12, 2025Lower$0.300 → $0.290−3.3%
    Mar 13, 2025Higher$0.280 → $0.300+7.1%
    Jun 13, 2024Higher$0.270 → $0.280+3.7%
    Mar 8, 2024Higher$0.260 → $0.270+3.8%
    Sep 8, 2023Higher$0.250 → $0.260+4.0%
    Jun 9, 2023Lower$0.270 → $0.250−7.4%
    Mar 10, 2023Lower$0.290 → $0.270−6.9%
    Dec 9, 2022Lower$0.320 → $0.290−9.4%
    Sep 9, 2022Lower$0.350 → $0.320−8.6%
    Every RVT payment →Download every raise and cut (CSV)
    RVT ex-dividend date & scheduleNext ex-date Sep 11, 2026 · full ex-dividend historyView →RVT dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is RVT a good dividend stock?

    Yes, with caveats. Royce Small-Cap Trust, Inc. (RVT) pays a quarterly dividend yielding 8.80% ($1.48/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.

    Is RVT undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RVT's fair value is about $14.80 versus a $16.90 share price — so it looks fairly valued (-12% vs. fair value).

    Is RVT's dividend safe?

    RVT has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is RVT's fair value?

    Our blended fair-value estimate for RVT is about $14.80 per share, about 12% below the current $16.90 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is RVT a buy, hold, or sell?

    We don't issue formal ratings, but on the data RVT screens as "yes, with caveats" and fairly valued. Royce Small-Cap Trust, Inc. (RVT) pays a quarterly dividend yielding 8.80% ($1.48/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. This is research for your own analysis, not investment advice.

    Will RVT cut its dividend?

    RVT earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does RVT pay a dividend?

    Yes. Royce Small-Cap Trust, Inc. pays a quarterly dividend of about $1.48 per share annually, a forward yield of roughly 8.80%.

    What is RVT's dividend yield?

    As of Oct 29, 2026, RVT's forward dividend yield is 8.80%, based on a $1.48 annual dividend and a $16.90 share price.

    What is RVT's dividend per share?

    As of Oct 29, 2026, RVT pays $1.48 per share per year, distributed on a quarterly basis.

    What is RVT's dividend payout ratio?

    As of Oct 29, 2026, RVT's payout ratio is 198% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has RVT grown its dividend?

    As of Oct 29, 2026, RVT has increased its dividend for 2 consecutive years.

    When is the next RVT ex-dividend date?

    As of Oct 29, 2026, RVT's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $0.33 per share.

    RVT Dividend News

    RVT
    IncreaseRVT·Sep 12, 2026

    Royce Small-Cap Trust Raises Quarterly Distribution to $0.33

    Royce Small-Cap Trust increased its quarterly distribution by 6.45%, with shares trading ex-dividend on Sept. 11, 2026.

    RVT
    IncreaseRVT·Jun 12, 2026

    Royce Small-Cap Trust Raises Quarterly Dividend to 31 Cents

    Royce Small-Cap Trust lifted its quarterly dividend after a prior cut in 2023, extending its current growth streak to two years.

    Income Calculator

    At $1.48 / yr per share

    Per payment (quarterly)$37.00
    Annual$148.00
    Monthly avg$12.33

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