Virtus Investment Partners, Inc. (NASDAQ:VRTS) Plans $2.40 Quarterly Dividend

Virtus Investment Partners, Inc. (NASDAQ:VRTS - Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Saturday, January 31st will be given a dividend of 2.40 per share by the closed-end fund on Wednesday, February 11th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, January 30th.Is Virtus A Stock To Buy On Strong Earnings Forecasts? Virtus Investment Partners has raised its dividend payment by an average of 0.3%annually over the last three years. Virtus Investment Partners Stock Up 2.5%Shares of VRTS traded up $4.16 during mid-day trading on Thursday, hitting $168.60. 94,383 shares of the company's stock were exchanged, compared to its average volume of 72,816. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.98 and a beta of 1.52. The firm has a fifty day moving average of $169.35 and a two-hundred day moving average of $183.16. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. Virtus Investment Partners has a twelve month low of $142.18 and a twelve month high of $246.78. About Virtus Investment Partners (Get Free Report)Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.Featured StoriesFive stocks we like better than Virtus Investment PartnersWhat Does a Stock Split Mean? Beyond the Magnificent 7: Meet 3 of Tech’s Rising StarsWhat does consumer price index measure? The Quantum Fleet: Investing in the New Quantum StandardBasic Materials Stocks InvestingAST SpaceMobile Gears Up for Its BlueBird 6 Launch Next WeekThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Virtus Investment Partners Right Now?Before you consider Virtus Investment Partners, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virtus Investment Partners wasn't on the list.While Virtus Investment Partners currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here