Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) Announces Dividend Payment of $0.15 on June 27th

On March 5th, Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced that it would be paying a dividend to its shareholders. The dividend amount of $0.15 per share will be paid out on June 27th to stockholders whose records are dated June 13th. This results in a dividend yield of 9.2%. The ex-dividend date is also June 13th.

Over the past three years, the Fund has reduced its dividend by an average of 9.8% annually. As of Tuesday, shares of AIO opened at $20.19, with a 50-day moving average price of $19.73 and a 200-day moving average price of $18.95. The Fund’s 12-month low is $15.09, while its 12-month high is $20.25.

The Virtus Artificial Intelligence & Technology Opportunities Fund aims to provide steady income and capital growth by focusing on one of the most promising long-term growth opportunities in the markets today. It employs a multi-asset strategy based on fundamental research, dynamically allocating to appealing segments of a company’s debt and equity to provide an attractive risk/reward profile.

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