Virtus Investment Partners Declares Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced a quarterly cash dividend of $1.50 per common share for Q1 2022. This dividend will be payable on May 13, 2022 to shareholders of record as of the close of business on April 29, 2022. Future dividends will require Board approval. The company operates a multi-boutique asset management business, focusing on the success of both individual and institutional investors.

Positive

• Declared a quarterly cash dividend of $1.50 per share, indicating strong cash flow and confidence in business stability.

Negative

• None.

News Market Reaction – VRTS

+0.66%

+0.66% Session move

In the trading session that priced this news, VRTS gained 0.66%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HARTFORD, Conn., Feb. 24, 2022 /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 $1.50 per common share for the first quarter of 2022.

The dividend will be paid on May 13, 2022 to shareholders of record at the close of business on April 29, 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. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

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SOURCE Virtus Investment Partners, Inc.

FAQ

What is the dividend amount declared by Virtus Investment Partners (VRTS)?

Virtus Investment Partners declared a quarterly cash dividend of $1.50 per common share.

When will the dividend be paid to VRTS shareholders?

The dividend will be paid on May 13, 2022, to shareholders of record on April 29, 2022.

Is the dividend from Virtus Investment Partners sustainable?

Future declarations of dividends are subject to the approval of the Board of Directors, indicating that sustainability depends on ongoing business performance.