Virtus Investment Rewards Shareholders With a 6.7% Dividend Hike

Key Takeaways Virtus Investment raised its quarterly dividend to $2.40 per share, up 6.7% from the prior payout.The firm has hiked its dividend six times in five years, yielding 4.64% at Friday's close.Virtus Investment also maintains a buyback program, with 0.87M shares still authorized for repurchase.Virtus Investment Partners (VRTS) announced an annual hike in its quarterly dividend for the eighth consecutive year. The company declared a quarterly cash dividend of $2.40 per share, indicating a nearly 6.7 ...