Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: Our common stock is traded on the NASDAQ Global Market under the trading symbol "VRTS." As of February 10, 2023, we had 7,181,554 shares of common stock outstanding that were held by approximately 41,000 holders of record.
+Added: Our common stock is traded on the New York Stock Exchange under the trading symbol "VRTS." As of February 9, 2024, we had 7,087,728 shares of common stock outstanding that were held by approximately 39,000 holders of record.
In making decisions regarding our quarterly dividend, we consider general economic and business conditions, our strategic plans and prospects, our businesses and investment opportunities, our financial condition and operating results, working capital requirements and anticipated cash needs, contractual restrictions and obligations, legal, tax, regulatory and other restrictions that may have implications on the payment of distributions by us to our common shareholders or by our subsidiaries to us, and such other factors as we may deem relevant.
We cannot provide any assurances that any distributions, whether quarterly or otherwise, will continue to be paid in the future.
−Removed: On February 22, 2023, our Board of Directors declared a quarterly cash dividend of $1.65 per common share to be paid on May 15, 2023 to shareholders of record at the close of business on April 28, 2023.
+Added: On February 21, 2024, the Company declared a quarterly cash dividend of $1.90 per common share to be paid on May 15, 2024 to shareholders of record at the close of business on April 30, 2024.
Issuer Purchases of Equity Securities
10 unchanged sentences
Total 97,952 97,952
−Removed: (1) Average price paid per share is calculated on a settlement basis and excludes commissions.
−Removed: (2) The share repurchases above were completed pursuant to a program announced in the fourth quarter of 2010 and most recently increased in May 2022.
+Added: (1) Average price paid per share is calculated on a settlement basis and excludes commissions and taxes.
+Added: (2) The share repurchases were completed pursuant to a program announced in the fourth quarter of 2010 and most recently increased in May 2022.
This repurchase program is not subject to an expiration date.
6 unchanged sentences
The following graph compares the cumulative total shareholder return of Virtus since its inception with the performance of the Standard & Poor’s 500 ("S&P 500") Stock Index and a peer group index that consists of several peer companies (referred to as the "Financial Peer Group") as defined below.
−Removed: This graph assumes an equal investment in our common stock, the S&P 500 and the Peer Group on January 2, 2009, reflects reinvested dividends, and is weighted on a market capitalization basis.
+Added: This graph assumes an equal investment in our common stock, the S&P 500 and the Financial Peer Group on January 2, 2009, reflects reinvested dividends, and is weighted on a market capitalization basis.
Each reported data point below represents the last trading day of each calendar year.
−Removed: The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance.
+Added: comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance.
Financial Peer Group:
2 unchanged sentences
and Victory Capital Holdings, Inc.*
−Removed: *The above listed peers are excluded from the cumulative total return table due to the lack of comparable performance periods.
+Added: *Companies excluded from the cumulative total return table due to lack of comparative performance periods.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.