Royce Micro-Cap Trust, Inc. (RMT)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Royce Micro-Cap Trust, Inc. trades at USD13.76, which is 123% below the USD30.67 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 67 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 8.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
RMT dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.400 | 2 |
| 2025 | USD0.790 | 4 |
| 2024 | USD0.740 | 4 |
| 2023 | USD0.740 | 4 |
| 2022 | USD0.950 | 4 |
| 2021 | USD0.840 | 4 |
| 2020 | USD0.610 | 4 |
| 2019 | USD0.680 | 4 |
| 2018 | USD0.750 | 4 |
| 2017 | USD0.690 | 4 |
| 2016 | USD0.640 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Royce Micro-Cap Trust, Inc.
Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million. The fund benchmarks the performance of its portfolios against Russell 2000 Index. Royce Micro-Cap Trust, Inc was formed on December 14, 1993 and is domiciled in the United States.
RMT passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Royce Micro-Cap Trust, Inc. (RMT) undervalued?
Against our discounted cash flow estimate of USD30.67, RMT at USD13.76 is 123% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is RMT's P/E ratio?
RMT trades at 8.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Royce Micro-Cap Trust, Inc. (RMT) pay a dividend?
Yes. Royce Micro-Cap Trust, Inc. yields 5.88% at the current share price. It has paid USD0.820 per share over the trailing twelve months. It has paid a dividend in each of the last 30 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.