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Virtus Investment Partners Series D Mandatory Convertible Preferred Stock Ex-Dividend Reminder
Tuesday, January 9, 1:47 PM ET, by Market News Video Staff

On 1/11/18, Virtus Investment Partners Incorporated's 7.25% Series D Mandatory Convertible Preferred Stock (VRTSP) will ...

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Monday, January 15, 12:05 PM ET, by Market News Video Staff

In recent trading, shares of Virtus Investment Partners Inc (VRTS) have crossed above the average ...

Ex-Dividend Reminder: Marsh & McLennan Companies, Omega Healthcare Investors and Virtus Investment Partners
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Virtus Investment Partners' Series D Preferred Stock Shares Cross 7% Yield Mark
Friday, February 9, 2:10 PM ET, by Market News Video Staff

In trading on Friday, shares of Virtus Investment Partners Inc's 7.25% Series D Mandatory Convertible ...

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Virtus Investment Partners Series D Mandatory Convertible Preferred Stock Goes Ex-Dividend Soon

By Preferred Stock Channel Staff, Wednesday, July 11, 1:32 PM ET
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On 7/13/18, Virtus Investment Partners Inc's 7.25% Series D Mandatory Convertible Preferred Stock (NASDAQ:VRTSP) will trade ex-dividend, for its quarterly dividend of $1.8125, payable on 8/1/18. As a percentage of VRTSP's recent share price of $110.54, this dividend works out to approximately 1.64%, so look for shares of VRTSP to trade 1.64% lower all else being equal when VRTSP shares open for trading on 7/13/18. On an annualized basis, the current yield is approximately 6.56%, which compares to an average yield of 5.35% in the "Financial" preferred stock category, according to Preferred Stock Channel.

As of last close, VRTSP was trading at a 10.54% premium to its liquidation preference amount, versus the average premium of 5.47% in the "Financial" category. It should be noted that the preferred shares are convertible, with a conversion ratio of $110 and $132. The chart below shows the one year performance of VRTSP shares, versus VRTS:

Performance Comparison Chart

Below is a dividend history chart for VRTSP, showing historical dividends prior to the most recent $1.8125 on Virtus Investment Partners Inc's 7.25% Series D Mandatory Convertible Preferred Stock:


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In Wednesday trading, Virtus Investment Partners Inc's 7.25% Series D Mandatory Convertible Preferred Stock (NASDAQ:VRTSP) is currently off about 0.7% on the day, while the common shares (NASDAQ:VRTS) are down about 0.5%.


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