Virtus Total Return Fund Inc. has announced a monthly dividend of $0.05 per share, which will be distributed to shareholders on January 29, 2024. Shareholders of record as of January 12, 2024 are eligible to receive this dividend. The announcement was made on November 19, 2023, highlighting the fund’s commitment to delivering returns to its investors.
The declared dividend reflects an annualized yield of 9.5%, showcasing the fund’s performance in the current market. The ex-dividend date is also set for January 12, 2024, meaning investors must hold the shares prior to this date to qualify for the upcoming payout.
Current Stock Performance and Fund Overview
On the New York Stock Exchange, Virtus Total Return Fund (NYSE: ZTR) opened at $6.34 on the trading day following the announcement. The stock has shown some volatility, with 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 reached a low of $5.22 and peaked at $6.66.
Established in 2005, Virtus Total Return Fund is a closed-end management investment company sponsored by Virtus Investment Partners. The fund aims to provide investors with a high total return while also focusing on generating moderate income. To achieve this goal, Virtus Total Return Fund allocates assets across various categories, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks, and real estate investment trusts (REITs).
Investors interested in the fund can expect a diversified mix of fixed-income and equity opportunities, all managed within a single investment vehicle. As the fund continues to operate in a dynamic market, its monthly dividend distributions serve as a vital component of its investment strategy, ensuring reliable returns for its shareholders.
