Virtus Global Multi-Sector Income Fund Announces Monthly Dividend of $0.13 (NYSE:VGI)

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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

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds.

Further Reading: Mutual funds are not immune from market timing

Dividend History for Virtus Global Multi-Sector Income Fund (NYSE:VGI)

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