HARTFORD, Conn., Aug. 20, 2020 /PRNewswire/ -- Virtus
Investment Partners, Inc. (NASDAQ: VRTS), which operates a
multi-boutique asset management business, today announced that its
Board of Directors has declared a quarterly cash dividend on its
common stock of $0.82 per share, a
22% increase from the previous quarterly dividend of $0.67 per share.
"This increase to our common stock dividend reflects the strong
free cash flow generated by the business and the flexibility of our
balance sheet to support our capital priorities of investing in the
business, returning capital to shareholders, and consistently
reducing debt," said George R.
Aylward, president and chief executive officer. "We are
pleased to increase the dividend for a third consecutive year as we
continue to demonstrate the financial strength and stability of our
The third quarter 2020 common stock dividend will be paid on
November 13, 2020 to shareholders of
record at the close of business on October
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.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. Virtus Investment Partners offers access to a
variety of investment styles across multiple disciplines to meet a
wide array of investor needs. Its affiliates include Ceredex Value
Advisors, Duff & Phelps Investment Management, Kayne Anderson
Rudnick Investment Management, Newfleet Asset Management, Rampart
Investment Management, Seix Investment Advisors, Silvant Capital
Management, Sustainable Growth Advisers, and Virtus ETF Solutions.
Additional information is available at virtus.com.
This press release contains statements that are, or may be
considered to be, forward-looking statements. All statements that
are not historical facts, including statements about our beliefs or
expectations, are "forward-looking statements" within the meaning
of The Private Securities Litigation Reform Act of 1995. These
statements may be identified by such forward-looking terminology as
"expect," "estimate," "plan," "intend," "believe," "anticipate,"
"may," "will," "should," "could," "continue," "project," or similar
statements or variations of such terms. Our forward-looking
statements are based on a series of expectations, assumptions and
projections about our company, are not guarantees of future results
or performance, and involve substantial risks and uncertainty,
including assumptions and projections concerning our assets under
management, cash inflows and outflows, operating cash flows, our
ability to expand distribution and product offerings, and future
credit facilities, for all forward periods. All of our
forward-looking statements are as of the date of this release only.
The company can give no assurance that such expectations or
forward-looking statements will prove to be correct. Actual results
may differ materially.
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SOURCE Virtus Investment Partners, Inc.