NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

$12.74

2.38%

Market Cap: $1.21B

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.

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Funds holding %

of 6,710 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

1% more funds holding

Funds holding: 127 [Q1] → 128 (+1) [Q2]

11.5% less ownership

Funds ownership: 54.11% [Q1] → 42.62% (-11.5%) [Q2]

24% less capital invested

Capital invested by funds: $655M [Q1] → $496M (-$158M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for NFJ.

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Financial journalist opinion

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.

Virtus Dividend, Interest & Premium Strategy Fund Announces Increase to Quarterly Distribution and Discloses Sources of Distribution – Section 19(a) Notice

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.

NFJ: Discount Remains Deep But Not The Most Enticing

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!

Dump Your ETFs Now, Buy These 8%+ Payers Instead

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.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

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.

Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

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.

NFJ: Poor Performance, But The Portfolio Is Not That Bad For Today's Market

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.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

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.

Virtus Dividend, Interest & Premium Strategy Fund Announces Increase to Quarterly Distribution and Discloses Sources of Distribution – Section 19(a) Notice

NFJ: Deep Discount Looking Attractive

NFJ is a hybrid fund that invests in equity and convertible securities; in addition, the fund employs a covered call strategy. The fund's historical performance has been lackluster, but it is currently trading at a wide discount that could make it more tempting. The fund pays a very reasonable distribution yield, and there is potential for a boost in the future or possibly a special.

NFJ: Deep Discount Looking Attractive

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 $0.245 December 8, 2023 December 11, 2023 December 22, 2023 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 combinat.

Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

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