Virtus Total Return Fund Inc. (NYSE:ZTR) Announces Monthly Dividend of $0.05

Key Points

• Virtus Total Return Fund Inc. announced a monthly dividend of $0.05 per share, with the payment date set for October 30th for shareholders on record as of October 14th.
• The fund's annualized yield is 9.4%, making it an attractive option for dividend-seeking investors.
• As of the latest trading session, the stock price is $6.36, with a 52-week range spanning from $5.22 to $6.38.

Virtus Total Return Fund Inc. (NYSE:ZTR - Get Free Report) declared a monthly dividend on Wednesday, August 27th. Investors of record on Tuesday, October 14th will be paid a dividend of 0.05 per share by the investment management company on Thursday, October 30th. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Tuesday, October 14th.

Virtus Total Return Fund Price Performance

Virtus Total Return Fund stock traded down $0.10 during midday trading on Tuesday, reaching $6.29. 272,744 shares of the stock traded hands, compared to its average volume of 240,671. The stock's fifty day moving average is $6.23 and its 200-day moving average is $6.04. Virtus Total Return Fund has a 12 month low of $5.22 and a 12 month high of $6.40.

Hedge Funds Weigh In On Virtus Total Return Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tactive Advisors LLC bought a new stake in shares of Virtus Total Return Fund in the 2nd quarter valued at approximately $131,000. Sculptor Capital LP increased its holdings in Virtus Total Return Fund by 9.8% during the 2nd quarter. Sculptor Capital LP now owns 346,864 shares of the investment management company's stock worth $2,161,000 after purchasing an additional 30,833 shares during the period. Bank of America Corp DE increased its holdings in Virtus Total Return Fund by 33.9% during the 2nd quarter. Bank of America Corp DE now owns 338,441 shares of the investment management company's stock worth $2,108,000 after purchasing an additional 85,767 shares during the period. Walleye Capital LLC increased its holdings in shares of Virtus Total Return Fund by 85.1% in the 2nd quarter. Walleye Capital LLC now owns 73,618 shares of the investment management company's stock valued at $459,000 after acquiring an additional 33,844 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in shares of Virtus Total Return Fund by 3.2% in the 2nd quarter. Guggenheim Capital LLC now owns 1,101,550 shares of the investment management company's stock valued at $6,863,000 after acquiring an additional 33,822 shares during the period. 47.14% of the stock is owned by institutional investors.

About Virtus Total Return Fund

Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.