The Virtus Health Ltd (ASX: VRT) share price is seesawing today. It has been down as low as $8.21 and as high as $8.27 but it is currently 0.12% in the red at $8.22.
This comes despite the fertility treatment company not releasing any price-sensitive announcements to the ASX today.
In comparison, the All Ordinaries Index (ASX: XAO) has shot up 1.17% to 7,647.6 points today.
So what's been happening with Virtus Health?
Virtus Health shares set to go ex-dividend
Today is the last chance for investors to get their hands on the Virtus Health interim dividend.
Investors need to buy Virtus Health shares before market close today to be eligible for the interim dividend. The ex-dividend date is tomorrow, Wednesday 23 March.
It is worth noting that on the ex-dividend day, the share price traditionally falls in proportion to the dividend amount. This is because investors tend to sell off the company's shares after securing the dividend.
What does this mean for Virtus Health shareholders?
For those who are eligible for the Virtus Health interim dividend, shareholders will receive a payment of 12 cents per share on 14 April.
The dividend is also fully franked, which means shareholders can expect to receive tax credits from this.
Virtus Health share price summary
When looking at the past 12 months, the Virtus Health share price is up almost 40%. It is also up 20% this year to date.
The company's shares reached a 52-week high of $8.33 a little over a week ago. This came after the company announced it had signed a transaction implementation deed with an entity controlled by CapVest Partners. Under the deed, CapVest will acquire 100% of Virtus shares by a scheme of arrangement.
Based on today's price, Virtus Health commands a market capitalisation of roughly $703.97 million and has a trailing dividend yield of 2.92%.
