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

Virtus Investment Partners, Inc. (NASDAQ:VRTS) declared a quarterly dividend on Thursday, May 21st. Investors of record on Friday, July 31st will be paid a dividend of 2.40 per share by the closed-end fund on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Friday, July 31st.

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

Virtus Investment Partners Trading Up 2.6%

NASDAQ:VRTS traded up $3.65 during mid-day trading on Thursday, reaching $141.58. 105,516 shares of the company’s stock traded hands, compared to its average volume of 101,993. Virtus Investment Partners has a 12-month low of $121.61 and a 12-month high of $215.06. The firm has a market capitalization of $946.04 million, a price-to-earnings ratio of 8.38 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 11.86 and a quick ratio of 11.86. The company has a 50 day moving average price of $136.23 and a 200-day moving average price of $150.23.

Virtus Investment Partners Company Profile

Virtus Investment Partners (NASDAQ: VRTS) is a publicly traded investment management company headquartered in Hartford, Connecticut. The firm offers a broad range of investment solutions to institutional, high-net-wealth, and retail investors, drawing on the expertise of multiple affiliated investment teams. Since its founding in 1995, Virtus has grown by integrating specialized asset managers and expanding its product lineup, while maintaining a focus on active management across diverse market environments.

The company’s product suite encompasses mutual funds, closed-end funds, exchange-traded funds (ETFs), collective trusts, UCITS funds, and separately managed accounts.