Virtus Investment Partners Declares Quarterly Cash Dividend On Common Stock

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $0.82 per common share for Q4 2020. This dividend will be paid on February 12, 2021, to shareholders on record by January 29, 2021. The company's Board of Directors retains the authority for future dividend declarations, which reflects its ongoing commitment to shareholder returns. As part of its multi-boutique asset management approach, Virtus emphasizes long-term success for both individual and institutional investors.

Positive

• Quarterly cash dividend of $0.82 per common share declared.
• Dividends reflect commitment to returning value to shareholders.

Negative

• Future dividend declarations are subject to Board approval, indicating uncertainty.

HARTFORD, Conn., Dec. 3, 2020 /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 fourth quarter of 2020.

The dividend will be paid on February 12, 2021 to shareholders of record at the close of business on January 29, 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, 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.

FAQ

What is the dividend amount declared by Virtus Investment Partners for Q4 2020?

The dividend amount declared is $0.82 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 12, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is January 29, 2021.

Are future dividends guaranteed by Virtus Investment Partners?

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