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

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) announced a quarterly dividend on Wednesday, September 2nd. Investors 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 Up 0.7%

Shares of NYSE:NFJ opened at $15.53 on Thursday. The business has a 50-day moving average of $15.32 and a two-hundred day moving average of $14.38. Virtus Dividend, Interest & Premium Strategy Fund has a fifty-two week low of $12.25 and a fifty-two week high of $15.75.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Large investors have recently added to or reduced their stakes in the stock. WealthShield Partners LLC grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 1.5% during the fourth quarter. WealthShield Partners LLC now owns 48,901 shares of the investment management company’s stock valued at $630,000 after purchasing an additional 742 shares during the last quarter. M Holdings Securities Inc. lifted its position in Virtus Dividend, Interest & Premium Strategy Fund by 4.8% during the 2nd quarter. M Holdings Securities Inc. now owns 16,988 shares of the investment management company’s stock worth $256,000 after acquiring an additional 783 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,105 shares of the investment management company’s stock valued at $101,000 after purchasing an additional 836 shares during the last quarter. Uhlmann Price Securities LLC increased its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 2.4% in the first quarter. Uhlmann Price Securities LLC now owns 43,174 shares of the investment management company’s stock worth $544,000 after purchasing an additional 1,023 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the 2nd quarter valued at approximately $26,000.

About Virtus Dividend, Interest & Premium Strategy Fund

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.