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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Thursday, June 6th, NASDAQ reports. Investors of record on Thursday, July 11th will be paid a dividend of 0.08 per share on Tuesday, July 30th. This represents a $0.96 annualized dividend and a yield of 12.60%. The ex-dividend date is Thursday, July 11th.

Virtus Global Multi-Sector Income Fund Trading Up 0.1 %

Shares of VGI stock opened at $7.62 on Tuesday. The business’s 50 day simple moving average is $7.50 and its 200 day simple moving average is $7.56. Virtus Global Multi-Sector Income Fund has a one year low of $6.68 and a one year high of $7.99.

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.