NFJ
Virtus Dividend, Interest & Premium Strategy Fund
About: Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. The primary investment objective of the company is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
35% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 34
1% more funds holding
Funds holding: 128 [Q3] → 129 (+1) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
0.13% less ownership
Funds ownership: 44.68% [Q3] → 44.55% (-0.13%) [Q4]
3% less capital invested
Capital invested by funds: $549M [Q3] → $534M (-$15.7M) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for NFJ.
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
When It Comes To Investing, Nobody's Perfect, But Two Out Of Three Ain't Bad
Predicting market outcomes is challenging; my recommendations are based on historical data and probabilities rather than certainties. I reviewed my 2025 picks: 67% of Buy ratings and 78% of Hold ratings delivered positive alpha, outperforming many experts. Midstream energy and covered call income funds have shown strong performance, while recent market corrections impacted some picks.
Neutral
Business Wire
1 month ago
Virtus Dividend, Interest & Premium Strategy Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 June 12, 2025 June 27, 2025 The Fund previously announced the following quarterly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 March 13, 2025 March 28, 2025 Under the terms of its Managed Distribution Plan,.
Positive
Seeking Alpha
2 months ago
NFJ: This Covered Call Equity Fund Offers Stable, High-Yield Income With Low Volatility
NFJ offers high yield income through investing in quality U.S. equities and writing covered calls, with a 9.5% yield and quarterly dividends. The fund trades at a discount to NAV, averaging -12.5% over five years, but aims for consistent distributions via a managed distribution policy. NFJ's portfolio is diversified across Financials, Health Care, and Real Estate, avoiding heavy concentration in Technology stocks.
Neutral
Business Wire
2 months ago
Virtus Dividend, Interest & Premium Strategy Fund Announces Share Repurchase Program
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”), a closed-end fund, today announced that the Board of Trustees has adopted a share repurchase program to repurchase, at a discount to net asset value (“NAV”), up to 5% of its outstanding common shares (based on common shares outstanding as of February 13, 2025) in open market transactions. The share repurchase program is intended to enhance shareholder value, as repurchases made at a.
Neutral
Business Wire
3 months ago
Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) previously announced the following quarterly distribution on November 20, 2024: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 December 12, 2024 December 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a.
Positive
Seeking Alpha
4 months ago
Discounted Opportunities: Why NFJ Deserves Your Attention
Virtus Dividend, Interest & Premium Strategy Fund trades at a 13.82% discount to NAV, higher than its historical averages, making it an attractive buy. The fund invests in quality dividend-paying equities and convertible bonds, while also selling covered calls, offering a 9.41% forward yield. Activist investors Saba Capital and Karpus hold significant positions, with recent distribution increases aimed at enhancing shareholder value and reducing the discount.
Neutral
Business Wire
5 months ago
Virtus Dividend, Interest & Premium Strategy Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced the following quarterly distributions: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 December 12, 2024 December 30, 2024 NFJ $0.305 March 13, 2025 March 28, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized cap.
Neutral
Business Wire
7 months ago
Virtus Dividend, Interest & Premium Strategy Fund Announces Increase to Quarterly Distribution and Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced it will increase its quarterly distribution from $0.280 per share to $0.305 per share, an increase of 9% or $0.025 per share, effective with the September distribution: Ticker New Distribution Amount Ex-Date Record Date Payable Date NFJ $0.305 September 13, 2024 September 13, 2024 September 26, 2024 The Fund previously increased its quarterly distribution by $0.035 per share in Ma.
Positive
Seeking Alpha
9 months ago
NFJ: Discount Remains Deep But Not The Most Enticing
NFJ's performance continues to be unimpressive in 2024, though the value-oriented portfolio could have a brighter future. The fund's discount has narrowed since our last update, pushing it to trade closer to the level of its longer-term average. Though, some good news is that the fund has increased its distribution since our last update, and Saba Capital Management has also started a position.
Negative
Forbes
10 months ago
Dump Your ETFs Now, Buy These 8%+ Payers Instead
I've been covering closed-end funds (CEFs) for more than a decade. Through that time (and still today!
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