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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Wednesday, November 19th. Investors of record on Thursday, December 11th will be paid a dividend of 0.08 per share on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Thursday, December 11th.

Virtus Global Multi-Sector Income Fund Stock Performance

Shares of NYSE VGI opened at $7.73 on Thursday. The stock’s 50-day moving average is $7.90 and its two-hundred day moving average is $7.84. Virtus Global Multi-Sector Income Fund has a 1-year low of $7.00 and a 1-year high of $8.18.

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.