Virtus Total Return Fund Inc. (NYSE:ZTR) Plans Dividend Increase – $0.06 Per Share

Virtus Total Return Fund Inc. (NYSE:ZTR) declared a monthly dividend on Wednesday, June 3rd. Investors of record on Monday, June 15th will be given a dividend of 0.055 per share by the investment management company on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th. This is a 10.0% increase from Virtus Total Return Fund’s previous monthly dividend of $0.05.

Virtus Total Return Fund Price Performance

NYSE ZTR opened at $6.58 on Thursday. Virtus Total Return Fund has a 1 year low of $5.97 and a 1 year high of $7.11. The stock’s fifty day moving average price is $6.75 and its 200 day moving average price is $6.61.

Virtus Total Return Fund Company Profile

Virtus Total Return Fund, Inc (NYSE: ZTR) is a closed-end management investment company that seeks to provide investors with high total return with moderate income. The fund, which began operations in 2005, trades on the New York Stock Exchange and is sponsored by Virtus Investment Partners. ZTR offers investors access to a diversified mix of fixed-income and equity opportunities within a single vehicle.

To pursue its stated objective, the fund typically allocates across a broad range of asset classes, including corporate debt securities, high-yield bonds, convertible securities, preferred stocks, common stocks and real estate investment trusts (REITs).