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

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

Virtus Global Multi-Sector Income Fund Trading Down 0.1 %

Shares of NYSE:VGI traded down $0.01 on Friday, reaching $7.86. The company had a trading volume of 44,280 shares, compared to its average volume of 41,772. Virtus Global Multi-Sector Income Fund has a 52-week low of $7.18 and a 52-week high of $8.32. The firm’s 50 day simple moving average is $7.76 and its 200-day simple moving average is $7.90.

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.