Virtus Investment (VRTS) Hikes Its Quarterly Dividend by 18%

Virtus Investment Partners, Inc. (VRTS) has announced a sequential hike in its quarterly dividend for the seventh consecutive year. The company declared a quarterly cash dividend of $2.25 per share, marking an increase of 18% from the prior payout. The dividend will be paid out on Nov 13 to shareholders of record as of Oct 31, 2024. The company has increased its dividend seven times during the last five years. Before the recent hike, VRTS increased its dividend by 15% to $1.90 per share in August 2023. Curr ...