On March 5th, Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) declared a dividend for its shareholders. The dividend amount of $0.15 per share will be paid out on June 27th to those who are recorded on June 13th. This results in a dividend yield of 9.2%. It’s worth noting that over the past three years, Virtus Artificial Intelligence & Technology Opportunities Fund has reduced its dividend by an average of 9.8% annually.
On Tuesday, shares of AIO opened at $20.19. As of now, the 50-day moving average price is $19.73 and the 200-day moving average price is $18.95. The Fund’s low and high for the past year have been $15.09 and $20.25 respectively.
The Fund aims to produce both a steady income stream and capital growth by focusing on one of the most significant long-term growth opportunities in the markets today. Utilizing a multi-asset strategy based on fundamental research, it dynamically allocates to appealing segments of a company’s debt and equity to provide an attractive risk/reward profile.
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