“Cash on the balance sheet was $188 million, up $69 million from the end of the second quarter. Our net leverage ratio declined to 1.7x due to growth in Adjusted EBITDA and our increased cash position. Additionally, the Board authorized another 7% increase in our quarterly cash dividend from $0.41 to $0.44 per share, which will be paid in December,” said CEO David Brown.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VCTR:
- Victory Capital upgraded to Equal Weight from Underweight at Morgan Stanley
- Victory Capital price target raised to $69 from $61 at BMO Capital
- Victory Capital’s Major Deal with Amundi Approved
- Victory Capital price target raised to $59 from $58 at Barclays
- Victory Capital price target raised to $61 from $55 at RBC Capital