Virtus Global Multi-Sector Income Fund (VGI) to Issue Monthly Dividend of $0.08 on August 29th

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Monday, June 10th, Wall Street Journal reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.08 per share on Thursday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date is Monday, August 12th.

Virtus Global Multi-Sector Income Fund Price Performance

Shares of VGI traded up $0.03 during trading hours on Friday, reaching $7.71. The company’s stock had a trading volume of 32,201 shares, compared to its average volume of 36,956. Virtus Global Multi-Sector Income Fund has a 1-year low of $6.68 and a 1-year high of $7.99. The company has a 50 day moving average of $7.59 and a two-hundred day moving average of $7.55.

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.