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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Monday, December 2nd, Zacks reports. Investors of record on Thursday, December 12th will be given a dividend of 0.126 per share on Thursday, December 19th. This represents a $1.51 annualized dividend and a yield of 11.94%. The ex-dividend date is Wednesday, December 11th.

NYSE:VGI traded down $0.02 during trading hours on Wednesday, reaching $12.66. The company had a trading volume of 359 shares, compared to its average volume of 47,635. Virtus Global Multi-Sector Income Fund has a 1-year low of $10.32 and a 1-year high of $13.24. The business’s 50 day moving average price is $12.74 and its 200-day moving average price is $12.69.

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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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