Virtus Investment Partners Increases Quarterly Common Stock Dividend 18% to $2.25 Per Share
August 15 2024 - 7:00AM
Business Wire
Seventh consecutive annual dividend
increase
Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a
multi-boutique asset management business, today announced that its
Board of Directors has declared a quarterly common stock cash
dividend of $2.25 per share, representing an 18% increase from the
previous quarterly dividend of $1.90 per share.
"We are pleased to raise our dividend for the seventh
consecutive year, reflecting the strength and stability of our
financial position and confidence in our free cash flow
generation,” said George R. Aylward, president and chief executive
officer. “Our strong balance sheet provides flexibility to continue
our balanced approach to capital management.”
The third quarter 2024 common stock dividend of $2.25 per share
will be paid on November 13, 2024 to shareholders of record at the
close of business on October 31, 2024.
Future declarations of dividends and the establishment of future
record and payment dates are subject to the approval of the Board
of Directors.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: 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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Sean Rourke Investor Relations (860) 263-4709
sean.rourke@virtus.com
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