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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Monday, March 10th, 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 dividend on an annualized basis and a dividend yield of 12.22%. The ex-dividend date of this dividend is Thursday, June 12th.

Virtus Global Multi-Sector Income Fund Price Performance

Shares of VGI opened at $7.86 on Monday. Virtus Global Multi-Sector Income Fund has a 12-month low of $7.18 and a 12-month high of $8.32. The firm has a 50-day moving average price of $7.77 and a 200 day moving average price of $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.