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 Q1 2021.

(Neutral)

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $0.82 per common share for Q1 2021. This dividend will be paid on May 14, 2021, to shareholders on record as of April 30, 2021. Future dividends will be subject to Board approval. The company operates as a multi-boutique asset management firm aimed at the long-term success of both individual and institutional investors, offering a diverse array of investment products.

Positive

Quarterly cash dividend of $0.82 demonstrates company confidence.

Negative

None.

Argus Session date unavailable

-2.84% session move Open Argus

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

02/25/2021 - 07:00 AM EST

HARTFORD, Conn., Feb. 25, 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 $0.82 per common share for the first quarter of 2021.

The dividend will be paid on May 14, 2021 to shareholders of record at the close of business on April 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/virtus-investment-partners-declares-quarterly-cash-dividend-on-common-stock-301235167.html

SOURCE Virtus Investment Partners, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by VRTS for Q1 2021?

The declared dividend amount is $0.82 per common share.

When will the dividend for VRTS be paid?

The dividend will be paid on May 14, 2021.

What is the record date for the VRTS dividend?

The record date for the dividend is April 30, 2021.

Are future dividends for VRTS guaranteed?

Future dividends are subject to approval by the Board of Directors.

How does Virtus Investment Partners serve its investors?

Virtus Investment Partners provides a range of investment management products and services through its affiliated managers.

Virtus Investment Partners Declares Quarterly Cash Dividend On Common Stock