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Royce Value Trust Inc. Message Board

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  • phillipjmonkey phillipjmonkey Jun 21, 2010 9:34 PM Flag

    Jan 1, 2010 and no announcement of a dividend!!

    no more div?? I never saw that announcement, is that correct?

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    • jostoddard@verizon.net jostoddard Aug 6, 2010 7:55 AM Flag

      i was told earlier this year that they expect to reinstate a div. by 2011.

      • 2 Replies to jostoddard
      • cburmania@sbcglobal.net cburmania Dec 14, 2010 1:52 PM Flag

        You should know something of the fund you are holding before you trash it. RVT has been digging itself from under a $106M loss and $68M depreciation carry forward as a result of the 2007-08 market crash. Note that the current NAV has climbed to nearly $16.40, the P/E is 5.5 and current earnings are 18% (YAHOO Finance). The $.03 dividend just announced means RVT has just turned the corner and is once again profitable. I expect the next dividend will reflect current profits. These guys are no slouches as confirmed by a 15 year average return of more than 9.5%. If you are zeroed in on what's in it for me today, you're in the wrong fund. My advice is hold and buy unless you're some day trader. The only thing that will take this fund down now is a second major downturn in the economy as a whole, certainly not their competence. The 2007-08 crash took nearly every fund down. RVT has emerged a lot better and faster than most.

      • Investment in this fund has been dead money since they stopped the divy. There has been no official announcement regarding reinstatement of divys, perhaps never is as good as an answer to everyone's concerns. I just sold 50% of my RVT shares, and if there is no announcement regarding divys, I will sell the rest shortly. GLTA

 
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