Virtus Global Multi-Sector (Virtus Global Multi-Sector) Dividend Payout Ratio

: 1.71 (As of Nov. 2023)

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Virtus Global Multi-Sector's dividend payout ratio for the 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.

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

VGI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.77 Max: 5.3
Current: 2.04

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.

VGI's Dividend Payout Ratio is ranked worse than
85.27% of 937 companies
in the Asset Management industry
Industry Median: 0.83 vs VGI: 2.04

As of today (2024-04-24), the Dividend Yield % of Virtus Global Multi-Sector is 13.12%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Virtus Global Multi-Sector was 17.16%. The lowest was 9.19%. And the median was 12.70%.

Virtus Global Multi-Sector's Dividends per Share for the 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 Payout Ratio Historical Data

The historical data trend for Virtus Global Multi-Sector's Dividend Payout Ratio 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 Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Dividend Payout Ratio

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1.10

1.77

5.30

2.04

Virtus Global Multi-Sector Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Dividend Payout Ratio	Get a 7-Day Free Trial								-	-	-	2.53	1.71

Competitive Comparison

For the Asset Management subindustry, Virtus Global Multi-Sector's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

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

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

Virtus Global Multi-Sector Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Virtus Global Multi-Sector's Dividend Payout Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2023 )	/	EPS without NRI (A: Nov. 2023 )
	=	0.96	/	0.47
	=	2.04

Virtus Global Multi-Sector's Dividend Payout Ratio for the quarter that ended in Nov. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2023 )	/	EPS without NRI (Q: Nov. 2023 )
	=	0.48	/	0.28
	=	1.71

Virtus Global Multi-Sector (NYSE:VGI) Dividend Payout Ratio Explanation

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.

Virtus Global Multi-Sector Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Virtus Global Multi-Sector's Dividend Payout Ratio 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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Global Multi-Sector Inc (NYSE:VGI) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com

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