Featured MNV Articles:
|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 ...
Virtus Investment Partners Reaches Analyst Target Price
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
Friday, January 26, 10:46 AM ET, by Market News Video Staff
On 1/30/18, Marsh & McLennan Companies Inc. (MMC), Omega Healthcare Investors, Inc.. ...
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 ...
The Math Shows EWSC Can Go To $61
Wednesday, April 11, 8:24 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
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
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:
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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