Ex-Div Reminder For Virtus Global Multi Sector Income (VGI)

Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, Virtus Global Multi Sector Income ( VGI) will trade ex-dividend, for its monthly dividend of $0.12, payable on 10/18/13. As a percentage of VGI's recent stock price of $17.03, this dividend works out to approximately 0.70%, so look for shares of Virtus Global Multi Sector Income to trade 0.70% lower — all else being equal — when VGI shares open for trading on 10/9/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for VGI, showing historical dividends prior to the most recent $0.12 declared by Virtus Global Multi Sector Income:

VGI+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from VGI is likely to continue, and whether the current estimated yield of 8.46% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of VGI shares, versus its 200 day moving average:

Virtus Global Multi Sector Income 200 Day Moving Average Chart

Looking at the chart above, VGI's low point in its 52 week range is $16.05 per share, with $19.59 as the 52 week high point — that compares with a last trade of $17.03.

In Monday trading, Virtus Global Multi Sector Income shares are currently up about 0.2% on the day.
null

If you liked this article you might like

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: VGI, PDT, UDR

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: VGI, RMT, VTA

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: VGI, RCS, NCZ

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: VGI, PCN, RCI

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: VGI, HPI, WLKP