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

Virtus Global Dividend & Income Fund Inc. (NYSE:ZTR) declared a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.51%. The ex-dividend date is Monday, August 12th.

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

Virtus Global Dividend & Income Fund Stock Performance

NYSE ZTR opened at $5.71 on Friday. The stock’s 50 day simple moving average is $5.54 and its 200 day simple moving average is $5.43. Virtus Global Dividend & Income Fund has a one year low of $4.50 and a one year high of $6.04.

Insiders Place Their Bets

In other Virtus Global Dividend & Income Fund news, CFO William Patrick Bradley III bought 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $5.47 per share, for a total transaction of $27,350.00. Following the completion of the purchase, the chief financial officer now owns 9,043 shares in the company, valued at approximately $49,465.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.65% of the company’s stock.

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.