Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Declares $0.31 Quarterly Dividend

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) declared a quarterly dividend on Wednesday, November 19th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.305 per share by the investment management company on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Thursday, December 11th.

Virtus Dividend, Interest & Premium Strategy Fund Stock Performance

Shares of NFJ opened at $12.55 on Thursday. Virtus Dividend, Interest & Premium Strategy Fund has a one year low of $10.02 and a one year high of $13.30. The stock has a 50-day moving average of $12.90 and a 200-day moving average of $12.61.

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

A number of institutional investors have recently modified their holdings of the company. Seven Mile Advisory bought a new stake in Virtus Dividend, Interest & Premium Strategy Fund during the 3rd quarter worth approximately $553,000. Private Advisor Group LLC boosted its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 24.4% during the third quarter. Private Advisor Group LLC now owns 22,458 shares of the investment management company’s stock valued at $292,000 after buying an additional 4,409 shares during the last quarter. Prevail Innovative Wealth Advisors LLC grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 94.6% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 170,040 shares of the investment management company’s stock worth $2,108,000 after buying an additional 82,676 shares in the last quarter. Modern Wealth Management LLC grew its holdings in Virtus Dividend, Interest & Premium Strategy Fund by 5.7% during the second quarter. Modern Wealth Management LLC now owns 128,874 shares of the investment management company’s stock worth $1,598,000 after buying an additional 6,912 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Virtus Dividend, Interest & Premium Strategy Fund by 2.7% in the 2nd quarter. Bank of America Corp DE now owns 3,387,545 shares of the investment management company’s stock valued at $42,006,000 after buying an additional 88,073 shares during the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.