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Victory Capital Holdings initiates quarterly cash dividend

Victory Capital Holdings Inc. will pay its first quarterly cash dividend of 5 cents per share Sept. 25 to stockholders of record as of Sept. 10.

The company also reported adjusted net income with tax benefit of $27.7 million, or 38 cents per share, for the second quarter, compared with $29.9 million, or 41 cents per share, in the year-ago quarter.

The S&P Global Market Intelligence normalized EPS estimate for the quarter was 39 cents.