Virtus Global Multi-Sector Income Fund (NYSE:VGI) to Issue Monthly Dividend of $0.08

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.08 per share on Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 12.14%. The ex-dividend date is Thursday, March 13th.

Virtus Global Multi-Sector Income Fund Trading Up 0.3 %

VGI stock opened at $7.91 on Friday. The company’s 50 day simple moving average is $8.02 and its 200-day simple moving average is $7.78. Virtus Global Multi-Sector Income Fund has a 12 month low of $6.71 and a 12 month high of $8.32.

About Virtus Global Multi-Sector Income Fund

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.