Virtus Investment Partners Increases Quarterly Common Stock Dividend From $0.65 To $1.90 Per Share
Portfolio Pulse from Happy Mohamed
Virtus Investment Partners, Inc. (NASDAQ:VRTS) has announced a 15% increase in its quarterly common stock cash dividend from $1.65 to $1.90 per share. This marks the sixth consecutive annual dividend increase. The dividend will be paid on November 15, 2023 to shareholders of record at the close of business on October 31, 2023.
August 17, 2023 | 12:08 pm
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Virtus Investment Partners has increased its quarterly dividend by 15%, which could make the stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could potentially lead to an increase in the stock's price as it becomes more attractive to income-focused investors.
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