Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.126 per share on Thursday, March 19th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 11.98%. The ex-dividend date of this dividend is Wednesday, March 11th.
Shares of VGI traded down $0.06 during trading hours on Wednesday, reaching $12.62. 49,373 shares of the company traded hands, compared to its average volume of 47,643. Virtus Global Multi-Sector Income Fund has a 12-month low of $10.32 and a 12-month high of $13.24. The stock’s fifty day moving average price is $12.74 and its 200 day moving average price is $12.69.
Virtus Global Multi-Sector Income Fund Company Profile
Further Reading: Mutual funds are not immune from market timing
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