HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that its Board of Directors has approved a quarterly common stock cash dividend of $1.90 per share, representing a 15% increase from the previous quarterly dividend of $1.65 per share.
"We are pleased to raise our dividend for the sixth consecutive year, reflecting the strong free cash flow generated by the business and the flexibility of our balance sheet to support our capital priorities,” said George R. Aylward, president and chief executive officer. “Returning capital to shareholders is an important element of our capital management strategy, alongside investing in the growth of the business and maintaining appropriate levels of leverage.”
The third quarter 2023 common stock dividend will be paid on November 15, 2023 to shareholders of record at the close of business on October 31, 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.
Forward-Looking Information
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