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VRTS declared a quarterly cash dividend of $2.45 per share, the company disclosed, with payment scheduled for November 13. Shareholders of record as of October 30 will receive the distribution.
The ex-dividend date is also October 30. The ex-dividend and record dates both falling on October 30 means a buyer who purchases shares on or after that date will not be entitled to the November payment.
To qualify, an investor must hold the stock before that cutoff and appear on the company's books on the record date. The $2.45 per-share amount applies to a single quarterly period, according to the disclosure.
November 13 falls roughly 14 days after the October 30 record date. Related reading - SHF Holdings amends retention plan, removes directors from incentive eligibility
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