Virtus Global Multi-Sector Income Fund (NYSE:VGI) announced a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Thursday, July 11th will be given a dividend of 0.126 per share on Thursday, July 18th. This represents a $1.51 annualized dividend and a dividend yield of 12.34%. The ex-dividend date is Wednesday, July 10th.
Shares of VGI stock traded down $0.05 on Thursday, hitting $12.25. The company’s stock had a trading volume of 52,400 shares, compared to its average volume of 50,604. Virtus Global Multi-Sector Income Fund has a fifty-two week low of $10.32 and a fifty-two week high of $14.26.
An institutional investor recently raised its position in Virtus Global Multi-Sector Income Fund stock. Geode Capital Management LLC boosted its position in shares of Virtus Global Multi-Sector Income Fund (NYSE:VGI) by 285.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,344 shares of the company’s stock after acquiring an additional 56,517 shares during the period. Geode Capital Management LLC’s holdings in Virtus Global Multi-Sector Income Fund were worth $845,000 at the end of the most recent quarter.
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.
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