Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) Announces Monthly Dividend of $0.05

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTRGet Free Report) announced a monthly dividend on Monday, March 4th, Wall Street Journal reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.05 per share by the investment management company on Monday, April 29th. This represents a $0.60 annualized dividend and a yield of 11.29%. The ex-dividend date is Wednesday, April 10th.

Virtus Global Dividend & Income Fund has decreased its dividend by an average of 3.9% annually over the last three years.

Virtus Global Dividend & Income Fund Stock Performance

NYSE ZTR traded up $0.03 during trading on Monday, hitting $5.32. 182,146 shares of the company’s stock traded hands, compared to its average volume of 189,893. Virtus Global Dividend & Income Fund has a 12-month low of $4.50 and a 12-month high of $6.61. The stock has a fifty day moving average of $5.34 and a two-hundred day moving average of $5.22.

Institutional Trading of Virtus Global Dividend & Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its position in shares of Virtus Global Dividend & Income Fund by 7.0% in the 4th quarter. UBS Group AG now owns 28,489 shares of the investment management company’s stock worth $187,000 after acquiring an additional 1,875 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Virtus Global Dividend & Income Fund by 13.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,164 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 3,103 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Virtus Global Dividend & Income Fund in the second quarter worth about $127,000. Lido Advisors LLC bought a new position in shares of Virtus Global Dividend & Income Fund during the first quarter valued at approximately $120,000. Finally, Mariner LLC lifted its holdings in shares of Virtus Global Dividend & Income Fund by 13.3% during the third quarter. Mariner LLC now owns 20,963 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 2,460 shares during the last quarter. 40.16% of the stock is currently owned by hedge funds and other institutional investors.

About Virtus Global Dividend & Income Fund

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Virtus Global Dividend & Income Fund Inc is a closed-ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Virtus Investment Advisers, Inc, Kayne Anderson Rudnick Investment Management LLC and Newfleet Asset Management, LLC. It invests in the public equity and fixed income markets of the United States.

See Also

Dividend History for Virtus Global Dividend & Income Fund (NYSE:ZTR)

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