Virtus Investment Partners Declares Quarterly Cash Dividend On Common Stock
Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $0.82 per common share for Q2 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 $0.82 per common share for Q2 2021. The dividend will be paid on August 13, 2021 to shareholders of record as of July 30, 2021. Future dividends will require Board approval. This dividend reflects the company's ongoing commitment to returning value to shareholders while maintaining a focus on long-term investment success.
Positive
- Quarterly cash dividend of $0.82 per common share announced.
- Dividend payment date set for August 13, 2021, indicating continued financial strength.
Negative
- None.
Details
News Market Reaction – VRTS
The recorded move for VRTS in the trading session of this news was +2.84%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HARTFORD, Conn., May 13, 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 August 13, 2021 to shareholders of record at the close of business on July 30, 2021.
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 affiliated managers 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, and Sustainable Growth Advisers. Additional information is available at virtus.com.
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SOURCE Virtus Investment Partners, Inc.
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