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

Virtus Global Multi-Sector Income Fund (NYSE:VGIGet Free Report) announced a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Monday, February 12th will be given a dividend of 0.08 per share on Wednesday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.29%. The ex-dividend date of this dividend is Friday, February 9th.

Virtus Global Multi-Sector Income Fund has decreased its dividend payment by an average of 10.3% annually over the last three years.

Virtus Global Multi-Sector Income Fund Price Performance

Virtus Global Multi-Sector Income Fund stock opened at $7.81 on Wednesday. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $6.68 and a fifty-two week high of $8.60. The stock has a 50-day simple moving average of $7.67 and a 200-day simple moving average of $7.46.

Institutional Trading of Virtus Global Multi-Sector Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in VGI. LPL Financial LLC raised its stake in Virtus Global Multi-Sector Income Fund by 136.9% during the 3rd quarter. LPL Financial LLC now owns 135,207 shares of the company’s stock valued at $992,000 after acquiring an additional 78,127 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in Virtus Global Multi-Sector Income Fund during the 4th quarter valued at approximately $393,000. Bank of America Corp DE raised its stake in Virtus Global Multi-Sector Income Fund by 137.4% during the 1st quarter. Bank of America Corp DE now owns 50,101 shares of the company’s stock valued at $497,000 after acquiring an additional 28,995 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in Virtus Global Multi-Sector Income Fund by 25.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 57,902 shares of the company’s stock valued at $450,000 after acquiring an additional 11,842 shares during the last quarter. Finally, Creative Planning acquired a new position in Virtus Global Multi-Sector Income Fund during the 2nd quarter worth approximately $95,000.

Virtus Global Multi-Sector Income Fund Company Profile

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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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