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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, November 19th. Investors of record on Thursday, February 12th will be paid a dividend of 0.08 per share on Thursday, February 26th. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Thursday, February 12th.

Virtus Global Multi-Sector Income Fund Price Performance

Shares of NYSE VGI traded up $0.04 during midday trading on Thursday, reaching $7.78. 13,437 shares of the company’s stock traded hands, compared to its average volume of 38,031. The stock’s 50 day simple moving average is $7.90 and its 200-day simple moving average is $7.84. Virtus Global Multi-Sector Income Fund has a one year low of $7.00 and a one year high of $8.18.

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.