Virtus Investment Partners Declares Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Virtus Investment Partners has declared a quarterly cash dividend of $1.65 per common share for Q1 2023. The dividend will be distributed on May 15, 2023, to shareholders on record by the close of business on April 28, 2023. The board's future dividend declarations will require approval. This announcement underscores Virtus's commitment to returning capital to its shareholders while maintaining a focus on long-term growth within its multi-boutique asset management model.

Positive

• Quarterly cash dividend of $1.65 demonstrates commitment to shareholder returns.

Negative

• Future dividends are subject to Board approval, indicating potential uncertainty.

HARTFORD, Conn.--(BUSINESS WIRE)-- 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 $1.65 per common share for the first quarter of 2023.

The dividend will be paid on May 15, 2023 to shareholders of record at the close of business on April 28, 2023. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005157/en/

Sean Rourke

Investor Relations

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners, Inc.

FAQ

What is the dividend amount declared by Virtus Investment Partners for Q1 2023?

The dividend amount declared for Q1 2023 is $1.65 per common share.

When will Virtus Investment Partners pay the Q1 2023 dividend?

The Q1 2023 dividend will be paid on May 15, 2023.

What is the record date for the Q1 2023 dividend payment of Virtus Investment Partners?

The record date for the Q1 2023 dividend is April 28, 2023.

Are future dividends from Virtus Investment Partners guaranteed?

No, future declarations of dividends are subject to the approval of the Board of Directors.