The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a dividend on Tuesday, March 5th, as reported by the Wall Street Journal. Stockholders of record on Thursday, June 13th will receive a dividend of 0.15 per share on Thursday, June 27th. This represents a dividend yield of 9.2%. The ex-dividend date is also on Thursday, June 13th. Over the last three years, the Fund has reduced its dividend by an average of 9.8% annually.
Shares of AIO opened at $20.19 on Tuesday, with a 50-day moving average price of $19.73 and a 200-day moving average price of $18.95. The 12-month low for Virtus Artificial Intelligence & Technology Opportunities Fund is $15.09 and the high is $20.25. Their objective is to generate a stable income and capitalize on long-term growth opportunities by employing a multi-asset approach supported by fundamental research, dynamically allocating to attractive segments of a company’s debt and equity to achieve a balanced risk/reward profile.
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