Virtus Investment Partners Declares Quarterly Cash Dividend on Common Stock
Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $1.50 per common share for the fourth quarter of 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $1.50 per common share for the fourth quarter of 2021. The dividend is set to be paid on February 11, 2022, to shareholders on record as of January 28, 2022. Future dividends will depend on the Board of Directors' approval.
As a multi-boutique asset management firm, Virtus Investment Partners focuses on long-term success for individual and institutional investors through a diverse range of affiliated investment managers.
Positive
- Declared quarterly cash dividend of $1.50 per share, indicating strong cash flow.
- Demonstrates commitment to returning value to shareholders.
Negative
- None.
Details
News Market Reaction – VRTS
The recorded move for VRTS in the trading session of this news was +5.02%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HARTFORD, Conn., Dec. 2, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-boutique asset management business, today announced that its Board of Directors has declared a quarterly cash dividend of
The dividend will be paid on February 11, 2022 to shareholders of record at the close of business on January 28, 2022. Future declarations of dividends will be subject to the approval of the Board of Directors.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliates include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, NFJ Investment Group, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, Virtus ETF Solutions, and Westchester Capital Management.
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SOURCE Virtus Investment Partners, Inc.
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