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

Virtus Global Multi-Sector Income Fund (NYSE:VGI) declared a monthly dividend on Tuesday, November 23rd, Wall Street Journal reports. Stockholders of record on Friday, February 11th will be given a dividend of 0.08 per share on Friday, February 18th. This represents a $0.96 annualized dividend and a dividend yield of 8.18%. The ex-dividend date is Thursday, February 10th.

Virtus Global Multi-Sector Income Fund has decreased its dividend by 29.0% over the last three years.

Virtus Global Multi-Sector Income Fund stock opened at $11.74 on Wednesday. The business’s 50-day moving average price is $11.85. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $11.12 and a fifty-two week high of $12.75.

A hedge fund recently raised its stake in Virtus Global Multi-Sector Income Fund stock. Morgan Stanley lifted its position in shares of Virtus Global Multi-Sector Income Fund (NYSE:VGI) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722,804 shares of the company’s stock after purchasing an additional 42,579 shares during the period. Morgan Stanley’s holdings in Virtus Global Multi-Sector Income Fund were worth $8,630,000 at the end of the most recent quarter.

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.

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Dividend History for Virtus Global Multi-Sector Income Fund (NYSE:VGI)

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