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Virtus Global Multi-Sector (Virtus Global Multi-Sector) Dividend Yield % : 12.85% (As of May. 12, 2024)


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What is Virtus Global Multi-Sector Dividend Yield %?

As of today (2024-05-12), the Trailing Annual Dividend Yield of Virtus Global Multi-Sector is 12.85%.

The historical rank and industry rank for Virtus Global Multi-Sector's Dividend Yield % or its related term are showing as below:

VGI' s Dividend Yield % Range Over the Past 10 Years
Min: 9.19   Med: 12.71   Max: 17.16
Current: 12.85

During the past 7 years, the highest Dividend Yield of Virtus Global Multi-Sector was 17.16%. The lowest was 9.19%. And the median was 12.71%.

VGI's Dividend Yield % is ranked better than
93.17% of 1215 companies
in the Asset Management industry
Industry Median: 5.57 vs VGI: 12.85

Virtus Global Multi-Sector's Dividend Payout Ratio for the six months ended in Nov. 2023 was 1.71.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Global Multi-Sector Inc is 2.04, which seems too high.

During the past 7 years, the highest Dividend Payout Ratio of Virtus Global Multi-Sector was 5.30. The lowest was 0.81. And the median was 1.77.

As of today (2024-05-12), the Forward Dividend Yield % of Virtus Global Multi-Sector is 12.85%.

Virtus Global Multi-Sector's Dividends per Share for the six months ended in Nov. 2023 was $0.48.

During the past 3 years, the average Dividends Per Share Growth Rate was -10.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -11.70% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Virtus Global Multi-Sector was -10.30% per year. The lowest was -14.10% per year. And the median was -12.35% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Virtus Global Multi-Sector Dividend Yield % Historical Data

The historical data trend for Virtus Global Multi-Sector's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virtus Global Multi-Sector Dividend Yield % Chart

Virtus Global Multi-Sector Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Dividend Yield %
Get a 7-Day Free Trial 12.06 11.60 9.34 11.82 13.06

Virtus Global Multi-Sector Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.34 10.87 11.82 12.77 13.06

Competitive Comparison of Virtus Global Multi-Sector's Dividend Yield %

For the Asset Management subindustry, Virtus Global Multi-Sector's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virtus Global Multi-Sector's Dividend Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Global Multi-Sector's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Virtus Global Multi-Sector's Dividend Yield % falls into.



Virtus Global Multi-Sector Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Virtus Global Multi-Sector Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0800002024-05-102024-05-132024-05-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002024-04-102024-04-112024-04-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002024-03-082024-03-112024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002024-02-092024-02-122024-02-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002024-01-112024-01-122024-01-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-12-082023-12-112023-12-19Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-11-102023-11-132023-11-24Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-10-112023-10-122023-10-24Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-09-082023-09-112023-09-21Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-08-102023-08-112023-08-23Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-07-122023-07-132023-07-25Cash DividendmonthlyUSD:USD 1.000000
USD 0.0800002023-06-092023-06-122023-06-23Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Virtus Global Multi-Sector's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.96/7.47
=12.85 %

Current Share Price is $7.47.
Virtus Global Multi-Sector's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.96.

Virtus Global Multi-Sector's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.96/7.47
=12.85 %

Current Share Price is $7.47.
Virtus Global Multi-Sector's Dividends per Share for the forward twelve months is calculated as $0.08 * 12 = $0.96.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Virtus Global Multi-Sector  (NYSE:VGI) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Virtus Global Multi-Sector Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Virtus Global Multi-Sector's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Global Multi-Sector (Virtus Global Multi-Sector) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Global Multi-Sector Inc is a United States-based diversified, closed-end management investment company. Its investment objective is to maximize current income while preserving capital. The Fund seeks to achieve its investment objectives by capitalizing on opportunities across undervalued areas of the global bond markets.
Executives
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sarah E Cogan director 1633 BROADWAY, NEW YORK NY 10019
F Ford Drummond director 100 N BROADWAY, OKLAHOMA CITY OK 73102
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
John R Mallin director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Sidney E Harris director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Donald C Burke director C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
Rogers James B Jr director 14 WESLEY STREET, HAMILTON D0 HM11
James M Oates director C/O INVESTORS FINANCIAL SERVICES CORP, 200 CLARENDON ST, BOSTON MA 02116
Thomas F. Mann director 125 EAST ELM STREET, SUITE 200, CONSHOHOCKEN PA 19428
Benjamin Caron other: Officer of the Sub-Adviser C/O NEWFLEET ASSET MANAGEMENT, LLC, 100 PEARL STREET, HARTFORD CT 06103

Virtus Global Multi-Sector (Virtus Global Multi-Sector) Headlines