Virtus Investment Partners, Inc. (NASDAQ:VRTS) Plans Dividend Increase – $2.45 Per Share

Virtus Investment Partners, Inc. (NASDAQ:VRTS) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Friday, October 30th will be paid a dividend of 2.45 per share by the closed-end fund on Friday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. 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 by an average of 0.3%per year over the last three years.

Virtus Investment Partners Trading Up 0.8%

Shares of NASDAQ VRTS traded up $1.37 during mid-day trading on Thursday, hitting $168.02. 104,165 shares of the company traded hands, compared to its average volume of 113,580. 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 1 year low of $121.61 and a 1 year high of $203.61. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.94 and a beta of 1.37. The business has a 50 day moving average of $157.29 and a two-hundred day moving average of $145.76.

About Virtus Investment Partners

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.