Virtus Investment Partners, Inc. (NASDAQ:VRTS) Plans $2.40 Quarterly Dividend

Virtus Investment Partners, Inc. (NASDAQ:VRTS) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Saturday, January 31st will be given a dividend of 2.40 per share by the closed-end fund on Wednesday, February 11th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, January 30th.

Virtus Investment Partners has raised its dividend payment by an average of 0.3%annually over the last three years.

Virtus Investment Partners Stock Up 2.5%

Shares of VRTS traded up $4.16 during mid-day trading on Thursday, hitting $168.60. 94,383 shares of the company’s stock were exchanged, compared to its average volume of 72,816. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.98 and a beta of 1.52. The firm has a fifty day moving average of $169.35 and a two-hundred day moving average of $183.16. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a twelve month low of $142.18 and a twelve month high of $246.78.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.