Virtus Total Return Fund Inc. has announced a monthly dividend of $0.05 per share, set to be distributed on January 29, 2024. This decision, made public on November 19, benefits shareholders who are on record by January 12, 2024. The declared dividend reflects an annualized yield of 9.5%, underscoring the fund’s commitment to providing attractive returns to its investors.
The ex-dividend date, which marks the cutoff for eligibility to receive the dividend, is also scheduled for January 12. Investors must hold shares prior to this date to qualify for the upcoming payout.
Performance Overview
On Friday, the stock opened at $6.34. An analysis of its recent performance shows a 50-day simple moving average of $6.38 and a 200-day simple moving average of $6.34. Over the past year, the stock has experienced fluctuations, with a low of $5.22 and a high of $6.66.
About Virtus Total Return Fund
Founded in 2005, the Virtus Total Return Fund Inc. operates as a closed-end management investment company. It aims to deliver high total returns with moderate income by investing in a diversified mix of asset classes. These include corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks, and real estate investment trusts (REITs).
The fund is managed by Virtus Investment Partners, which is known for providing various investment strategies to cater to the needs of investors. With its strategy focused on both fixed-income and equity opportunities, the fund continues to attract attention for its potential to offer substantial returns.
Investors looking for a combination of income and capital appreciation may find the Virtus Total Return Fund’s latest dividend announcement to be a noteworthy development in their investment strategy.
