Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) Increases Dividend to $0.21 Per Share

Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) announced a monthly dividend on Wednesday, September 23rd. Investors of record on Tuesday, October 13th will be given a dividend of 0.21 per share on Thursday, October 29th. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Tuesday, October 13th. This is a 16.7% increase from Virtus Artificial Intelligence & Technology Opportunities Fund’s previous monthly dividend of $0.18.

Virtus Artificial Intelligence & Technology Opportunities Fund Stock Down 0.6%

Shares of NYSE:AIO traded down $0.15 during trading on Thursday, reaching $24.80. The company’s stock had a trading volume of 15,157 shares, compared to its average volume of 87,770. The firm’s 50 day simple moving average is $25.71 and its two-hundred day simple moving average is $25.24. Virtus Artificial Intelligence & Technology Opportunities Fund has a 12 month low of $20.91 and a 12 month high of $28.60.

About Virtus Artificial Intelligence & Technology Opportunities Fund

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) is a non-diversified, closed-end management investment company designed to provide shareholders with exposure to companies that derive a significant portion of their revenues from the development or use of artificial intelligence and related technologies. The Fund seeks to achieve long-term capital appreciation by identifying businesses that are positioned to benefit from ongoing advancements in AI, machine learning, robotics, data analytics, cloud computing, and semiconductor manufacturing.

Investment selections are made through a fundamental research process that emphasizes both thematic expertise and company-specific analysis.