NFJ
Virtus Dividend, Interest & Premium Strategy Fund
About: Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective 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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 128 [Q2] → 128 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
9.03% less ownership
Funds ownership: 53.71% [Q2] → 44.68% (-9.03%) [Q3]
12% less capital invested
Capital invested by funds: $625M [Q2] → $549M (-$76M) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 43
Research analyst outlook
We haven’t received any recent analyst ratings for NFJ.
Financial journalist opinion
Positive
Seeking Alpha
3 weeks 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
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 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
3 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
5 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
6 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!
Neutral
Business Wire
6 months ago
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.
Neutral
Business Wire
6 months ago
Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution 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 $0.28 June 13, 2024 June 13, 2024 June 27, 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 combination thereof.
Negative
Seeking Alpha
8 months ago
NFJ: Poor Performance, But The Portfolio Is Not That Bad For Today's Market
The Virtus Dividend, Interest & Premium Strategy Fund uses a combination of convertible securities and dividend-paying common stock to generate income. The fund has a higher current yield than its peers, but its performance over the past three years has been disappointing. The fund has underperformed its peers by a considerable margin, but its distributions have resulted in a total return of 15.74% over the trailing three-year period.
Positive
Seeking Alpha
9 months ago
Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change
Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.
Neutral
Business Wire
9 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 by 14% or $0.035 per share effective with the March distribution: Ticker New Distribution Amount Ex-Date Record Date Payable Date NFJ $0.280 March 8, 2024 March 11, 2024 March 28, 2024 The Fund's quarterly distribution rate will increase from $0.245 per share to $0.280 per share. This is part of the Fund's ongoing efforts to enhance shar.
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