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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) declared a monthly dividend on Monday, June 10th, Wall Street Journal reports. Investors of record on Monday, August 12th will be given a dividend of 0.05 per share by the investment management company on Thursday, August 29th. This represents a $0.60 annualized dividend and a yield of 10.51%. The ex-dividend date of this dividend is Monday, August 12th.

Virtus Global Dividend & Income Fund has decreased its dividend payment by an average of 9.3% annually over the last three years.

Virtus Global Dividend & Income Fund Stock Performance

Shares of NYSE ZTR opened at $5.71 on Friday. Virtus Global Dividend & Income Fund has a one year low of $4.50 and a one year high of $6.04. The business has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $5.43.

Insider Buying and Selling

In related news, CFO William Patrick Bradley III acquired 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $5.47 per share, for a total transaction of $27,350.00. Following the purchase, the chief financial officer now owns 9,043 shares in the company, valued at $49,465.21. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.65% of the stock is currently owned by corporate insiders.

Virtus Global Dividend & Income Fund Company Profile

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.