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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be given a dividend of 0.08 per share on Friday, June 27th. This represents a $0.96 dividend on an annualized basis and a yield of 12.22%. The ex-dividend date of this dividend is Thursday, June 12th.

Virtus Global Multi-Sector Income Fund Stock Performance

VGI traded down $0.01 during midday trading on Friday, hitting $7.86. 44,280 shares of the company traded hands, compared to its average volume of 41,772. The business has a 50 day simple moving average of $7.76 and a two-hundred day simple moving average of $7.90. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.18 and a 52-week high of $8.32.

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.