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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Wednesday, November 19th. Shareholders of record on Monday, January 12th will be paid a dividend of 0.08 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Monday, January 12th.

Virtus Global Multi-Sector Income Fund Price Performance

VGI traded up $0.03 during trading on Thursday, hitting $7.77. 12,421 shares of the company’s stock were exchanged, compared to its average volume of 37,983. Virtus Global Multi-Sector Income Fund has a 1 year low of $7.00 and a 1 year high of $8.18. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $7.84.

About Virtus Global Multi-Sector Income Fund

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.