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

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, February 13th will be paid a dividend of 0.126 per share on Friday, February 21st. 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, February 12th.

Shares of NYSE VGI traded down $0.06 during trading on Wednesday, reaching $12.62. 49,373 shares of the company traded hands, compared to its average volume of 47,643. The firm has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $12.69. Virtus Global Multi-Sector Income Fund has a 52-week low of $10.32 and a 52-week high of $13.24.

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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.

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