HARTFORD, Conn., Feb. 16, 2017 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that its Board of Directors has declared a cash dividend of $0.45 per share on its common stock for the first quarter of 2017. The dividend will be paid on May 10, 2017 to shareholders of record at the close of business on April 28, 2017.
The board also declared a quarterly cash dividend of $1.8125 per share on the company's 7.25% Series D Mandatory Convertible Preferred Stock (NASDAQ: VRTSP). The dividend will be paid on May 1, 2017 to shareholders of record at the close of business on April 15, 2017.
Future declarations of dividends will be subject to the approval of the Board of Directors.
About Virtus Investment Partners
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. Virtus offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs, and provides products and services through affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Its affiliates include Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, Rampart Investment Management, and Virtus ETF Solutions. Additional information can be found at www.virtus.com.
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SOURCE Virtus Investment Partners, Inc.