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Virtus Global Multi-Sector Income Fund (VGI)

Financial Services | Asset Management | Hartford, United States | NYSE
7.41 USD -0.02 (-0.202%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 7.41
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | July 11, 2026, 6:29 a.m. EDT

The most critical issue here is the unsustainable payout ratio of 130%, indicating the fund is distributing more than it earns in net income, likely relying on capital erosion or other non-operating sources to maintain the yield. While the headline yield of nearly 13% is attractive, it is a trap for income investors seeking sustainable cash flow. Fundamentally, the business has suffered a catastrophic long-term decline, dropping nearly 50% over the last nine years despite a slight uptick in the most recent annual comparison. This suggests the market has permanently downgraded the asset's quality or distribution capability. Technically, the stock is trading below its 200-day average and shows weak momentum, with a high-confidence statistical model predicting a slight downward drift over the next month. There is no compelling case for a turnaround given the persistent structural deterioration and the dangerous reliance on eroded capital to pay dividends.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.012735
AutoARIMA0.013139
AutoETS0.013140
MSTL0.013377

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 69%
H-stat 0.56
Ljung-Box p 0.000
Jarque-Bera p 0.832
Excess Kurtosis -0.06
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-12
Last Dividend Date 2026-07-12
Market Cap 83,830,024
Trailing P/E 10.01
Website https://www.virtus.com/our-products/closed-end-fund-details/VGI

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.08% 12.46% 12.56% 11.87%
Dividend History
Date Dividend Yield %
2026-07-13 0.080 1.079622
2026-06-15 0.080 1.079622
2026-05-11 0.080 1.066667
2026-04-13 0.080 1.058201
2026-03-16 0.080 1.062417
2026-02-12 0.080 1.015228
2026-01-12 0.080 1.020408
2025-12-11 0.080 1.033592
2025-11-13 0.080 1.025641
2025-10-14 0.080 1.013942
2025-09-12 0.080 1.000000
2025-08-11 0.080 1.007557
2025-07-11 0.080 1.025641
2025-06-12 0.080 1.030928
2025-05-12 0.080 1.054018
2025-04-11 0.080 1.123596
2025-03-13 0.080 1.036269
2025-02-13 0.080 1.024328
2025-01-13 0.080 1.055409
2024-12-12 0.080 1.000000
2024-11-12 0.080 1.007557
2024-10-11 0.080 0.991326
2024-09-13 0.080 0.992556
2024-08-12 0.080 1.034929
2024-07-11 0.080 1.045752
2024-06-13 0.080 1.061008
2024-05-10 0.080 1.070950
2024-04-10 0.080 1.084011
2024-03-08 0.080 1.068091
2024-02-09 0.080 1.043025
2024-01-11 0.080 1.038961
2023-12-08 0.080 1.070950
2023-11-10 0.080 1.141227
2023-10-11 0.080 1.120448
2023-09-08 0.080 1.063830
2023-08-10 0.080 1.043025
2023-07-12 0.080 1.061008
2023-06-09 0.080 1.065246
2023-05-10 0.080 1.065246
2023-04-12 0.080 1.025641
2023-03-10 0.080 1.033592
2023-02-10 0.080 0.979192
2022-12-29 0.080 1.032258
2022-12-09 0.080 1.025641
2022-11-10 0.080 1.026958
2022-10-12 0.080 1.095890
2022-09-09 0.080 0.967352
2022-08-10 0.080 0.910125
2022-07-08 0.080 0.972054
2022-06-10 0.080 0.930233
2022-05-11 0.080 0.919540
2022-04-08 0.080 0.825593
2022-03-10 0.080 0.850159
2022-02-10 0.080 0.770713
2021-12-30 0.080 0.718778
2021-12-10 0.080 0.702370
2021-11-10 0.080 0.668337
2021-10-08 0.080 0.677966
2021-09-10 0.080 0.675105
2021-08-11 0.080 0.673968
2021-07-09 0.080 0.674536
2021-06-10 0.080 0.669456
2021-05-12 0.100 0.828500
2021-04-09 0.100 0.835422
2021-03-10 0.100 0.852515
2021-02-10 0.100 0.827815
2021-01-06 0.100 0.834028
2020-12-10 0.100 0.859845
2020-11-10 0.100 0.901713
2020-10-09 0.100 0.900090
2020-09-10 0.100 0.879507
2020-08-12 0.100 0.855432
2020-07-10 0.100 0.909918
2020-06-10 0.100 0.881057
2020-05-08 0.126 1.260000
2020-04-09 0.126 1.228070
2020-03-11 0.126 1.149635
2020-02-12 0.126 0.912382
2020-01-06 0.126 0.995261
2019-12-11 0.126 0.996835
2019-11-08 0.126 0.992908
2019-10-10 0.126 0.982073
2019-09-12 0.126 0.992126
2019-08-09 0.126 0.980545
2019-07-10 0.126 0.982073
2019-06-12 0.126 1.005587
2019-05-10 0.126 1.012048
2019-04-10 0.126 1.010425
2019-03-08 0.126 1.038747
2019-02-08 0.126 1.037891
2019-01-04 0.126 1.110132
2018-12-12 0.126 1.094700
2018-11-09 0.126 1.031941
2018-10-10 0.126 1.015310
2018-09-13 0.126 0.958904
2018-08-10 0.126 0.939597
2018-07-11 0.126 0.934718
2018-06-08 0.126 0.913706
2018-05-10 0.156 1.046980
2018-04-11 0.156 0.998720
2018-03-09 0.156 1.011017
2018-02-09 0.156 1.115082
2018-01-04 0.156 0.897067
2017-12-08 0.156 0.878873
2017-11-10 0.156 0.842333
2017-10-11 0.156 0.858558
2017-09-08 0.156 0.898100
2017-08-09 0.156 0.911747
2017-07-11 0.156 0.928019
2017-06-08 0.156 0.911747
2017-05-09 0.156 0.942598
2017-04-11 0.156 0.962369
2017-03-09 0.156 0.987967
2017-02-09 0.156 0.979899
2017-01-05 0.156 1.005803
2016-12-08 0.156 1.026991
2016-11-09 0.156 1.035857
2016-10-11 0.156 1.003215
2016-09-08 0.156 0.980515
2016-08-09 0.156 0.994264
2016-07-07 0.156 1.015625
2016-06-09 0.156 1.035857
2016-05-10 0.156 1.081831
2016-04-07 0.156 1.114286
2016-03-09 0.156 1.155556
2016-02-09 0.156 1.250000
2016-01-06 0.156 1.111111
2015-12-10 0.156 1.132075
2015-11-09 0.156 1.064120
2015-10-08 0.156 1.093969
2015-09-09 0.156 1.084086
2015-08-11 0.156 1.025641
2015-07-09 0.156 0.989848
2015-06-09 0.156 0.968944
2015-05-07 0.156 0.937500
2015-04-09 0.156 0.912281
2015-03-10 0.130 0.800000
2015-02-10 0.130 0.817610
2015-01-06 0.380 2.465931
2014-12-09 0.130 0.809969
2014-11-10 0.130 0.771971
2014-10-09 0.130 0.767414
2014-09-10 0.120 0.687285
2014-08-07 0.120 0.690052
2014-07-09 0.120 0.682206
2014-06-10 0.120 0.678349
2014-05-08 0.120 0.688073
2014-04-09 0.120 0.698487
2014-03-11 0.120 0.715137
2014-02-11 0.120 0.718133
2014-01-03 0.272 1.625822
2013-12-10 0.120 0.721154
2013-11-07 0.120 0.701344
2013-10-09 0.120 0.716846
2013-09-11 0.120 0.727714
2013-08-08 0.120 0.691244
2013-07-09 0.120 0.694043
2013-06-11 0.120 0.674536
2013-05-09 0.117 0.601542
2013-04-09 0.117 0.614819
2013-03-07 0.117 0.617740
2013-02-07 0.117 0.610010
2013-01-03 0.220 1.156069
2012-12-11 0.117 0.628357
2012-11-08 0.117 0.610966
2012-10-09 0.117 0.612565
2012-09-12 0.117 0.625000
2012-08-09 0.117 0.624666
2012-07-10 0.117 0.642504
2012-06-07 0.117 0.681818
2012-05-09 0.117 0.621349
2012-04-13 0.117 0.604651
Additional Data
dividendRate 0.96
dividendYield 12.79
exDividendDate 2026-08-13
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.08
lastDividendDate 2026-07-13
dividendDate 2019-02-19

Info Dump

Attribute Value
52 Week Change -0.038412273
Address1 One Financial Plaza
Address2 26th Floor
All Time High 20.25
All Time Low 6.68
Ask 7.42
Ask Size 500
Average Daily Volume10 Day 30,420
Average Daily Volume3 Month 34,014
Average Volume 34,014
Average Volume10Days 30,420
Bid 7.4
Bid Size 2,000
City Hartford
Country United States
Crypto Tradeable 0
Currency USD
Current Price 7.41
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 7.48
Day Low 7.39
Dividend Date 1,550,534,400
Dividend Rate 0.96
Dividend Yield 12.79
Earnings Call Timestamp End 1,738,335,600
Earnings Call Timestamp Start 1,738,335,600
Earnings Timestamp End 1,738,330,200
Earnings Timestamp Start 1,738,330,200
Ebitda Margins 0.0
Eps Trailing Twelve Months 0.74
Esg Populated 0
Ex Dividend Date 1,786,579,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 860-241-1024
Fifty Day Average 7.4422
Fifty Day Average Change -0.032200336
Fifty Day Average Change Percent -0.0043267226
Fifty Two Week Change Percent -3.8412273
Fifty Two Week High 8.09
Fifty Two Week High Change -0.6800003
Fifty Two Week High Change Percent -0.084054425
Fifty Two Week Low 7.2
Fifty Two Week Low Change 0.21000004
Fifty Two Week Low Change Percent 0.029166672
Fifty Two Week Range 7.2 - 8.09
First Trade Date Milliseconds 1,330,093,800,000
Five Year Avg Dividend Yield 11.89
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.38828
Implied Shares Outstanding 11,313,094
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,783,900,800
Last Dividend Value 0.08
Long Business Summary 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. It invests in securities with average duration which varies within three years (plus or minus) of the duration of the Barclays Global Aggregate Bond Index. The fund employs fundamental analysis with a top-down and bottom-up stock picking approach while focusing on factors such as yield and spreads, supply and demand, investment environment, sector fundamentals, assessment of credit risk, company management, issue structure, technical market conditions, and valuations to create its portfolio. It seeks to benchmark the performance of its portfolio against the Barclays Global Aggregate Bond Index. The fund was formerly known as Virtus-Newfleet Global Multi-Sector Income Fund. Virtus Global Multi-Sector Income Fund was formed on February 23, 2012 and is domiciled in the United States.
Long Name Virtus Global Multi-Sector Income Fund
Market us_market
Market Cap 83,830,024
Market State PREPRE
Max Age 86,400
Message Board Id finmb_171124769
Non Diluted Market Cap 84,904,770
Open 7.44
Operating Margins 0.0
Payout Ratio 1.2973
Phone 800-248-7971
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 7.41
Post Market Time 1,783,976,700
Previous Close 7.425
Price Hint 2
Profit Margins 0.0
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.0150003
Regular Market Change Percent -0.202025
Regular Market Day High 7.48
Regular Market Day Low 7.39
Regular Market Day Range 7.39 - 7.48
Regular Market Open 7.44
Regular Market Previous Close 7.425
Regular Market Price 7.41
Regular Market Time 1,783,972,802
Regular Market Volume 41,000
Sand P52 Week Change 0.20847368
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 11,313,094
Shares Percent Shares Out 0.0026
Shares Short 29,837
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 18,235
Short Name Virtus Global Multi-Sector Inco
Short Percent Of Float 0.0031
Short Ratio 0.95
Source Interval 15
State CT
Symbol VGI
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.74
Trailing P E 10.013514
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.68965
Two Hundred Day Average Change -0.2796502
Two Hundred Day Average Change Percent -0.036367092
Type Disp Equity
Volume 41,000
Website https://www.virtus.com/our-products/closed-end-fund-details/VGI
Zip 6,103