Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Plans Quarterly Dividend of $0.30

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be paid a dividend of 0.305 per share by the investment management company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, September 14th.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

NYSE NFJ opened at $15.53 on Thursday. The company’s fifty day moving average is $15.32 and its two-hundred day moving average is $14.38. Virtus Dividend, Interest & Premium Strategy Fund has a 52-week low of $12.25 and a 52-week high of $15.75.

Hedge Funds Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund in the 2nd quarter worth approximately $26,000. Resources Management Corp CT ADV bought a new stake in shares of Virtus Dividend, Interest & Premium Strategy Fund during the first quarter valued at approximately $28,000. Allied Private Wealth LLC acquired a new position in shares of Virtus Dividend, Interest & Premium Strategy Fund in the second quarter valued at $37,000. Allworth Financial LP lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 431.2% in the fourth quarter. Allworth Financial LP now owns 3,235 shares of the investment management company’s stock worth $42,000 after purchasing an additional 2,626 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Virtus Dividend, Interest & Premium Strategy Fund in the second quarter worth $86,000.

Virtus Dividend, Interest & Premium Strategy Fund Company Profile

The Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) is a diversified closed-end management investment company that seeks to deliver current income and total return through a combination of equity securities, fixed-income instruments and an equity option‐writing strategy. The fund allocates its assets among U.S.-listed common stocks, preferred stocks, convertible securities and corporate bonds, while employing covered call and put option overlays to generate additional premium income and enhance yield.

Launched in February 2011, NFJ is managed by the investment professionals at Virtus Investment Advisers, LLC, who focus on identifying dividend-paying companies with strong fundamentals and attractive valuations.