Virtus Investment Partners, Inc. (NASDAQ:VRTS – Get Free Report) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Friday, October 30th will be given a dividend of $2.45 per share by the closed-end fund on Friday, November 13th. This represents a $9.80 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, October 30th. This is a 2.1% increase from Virtus Investment Partners’s previous quarterly dividend of $2.40.
Virtus Investment Partners has raised its dividend payment by an average of 0.3% per year over the last three years.
Virtus Investment Partners Trading Up 1.5%
Shares of VRTS opened at $120.68 on Wednesday. Virtus Investment Partners has a twelve month low of $117.44 and a twelve month high of $175.66. The firm has a market capitalization of $799.26 million, a P/E ratio of 7.14 and a beta of 1.41. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $140.35 and its 200 day simple moving average is $146.06.
Virtus Investment Partners Company Profile
Virtus Investment Partners, Inc is an asset management company that provides investment products and services to individual and institutional investors. The company operates as a multi-boutique investment firm, partnering with affiliated and unaffiliated investment managers that offer specialized expertise across a range of asset classes and investment strategies.
Virtus distributes mutual funds, exchange-traded funds, separately managed accounts, closed-end funds and other investment solutions.
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