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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.08 per share on Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.15%. The ex-dividend date of this dividend is Thursday, March 13th.

Virtus Global Multi-Sector Income Fund Price Performance

Shares of VGI stock traded up $0.03 during trading hours on Thursday, hitting $7.90. 18,969 shares of the company’s stock traded hands, compared to its average volume of 38,625. The stock’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $7.77. Virtus Global Multi-Sector Income Fund has a 12-month low of $6.71 and a 12-month 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.