Virtus Dividend, Interest & Premium Strategy Fund
NFJFinancial Services · Stock · quarterly payer
Forward Yield
7.96%
Annual Dividend
$1.22
Payout Ratio
77%
5-Yr Growth
6.3%
Ex-Date
Sep 14, 2026
Frequency
Quarterly
Summary
As of September 2026, Virtus Dividend, Interest & Premium Strategy Fund (NFJ) yields 7.96% ($1.22 per share annually), with a blended fair-value estimate of $24.94 — +63% upside, so it screens as undervalued. Dividend safety grade: C (64/100). 3 years of dividend growth.
Is NFJ a good dividend stock?
Yes, with caveatsVirtus Dividend, Interest & Premium Strategy Fund (NFJ) pays a quarterly dividend yielding 7.96% ($1.22/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 6.3% 5-yr dividend growth
Risks
- Cut its dividend in 2022
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.96%
- Payout Ratio
- 77%
- Annual Dividend
- $1.22
- 5-Yr Avg Growth
- 6.3%
- Ex-Dividend Date
- Sep 14, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 1.09
- Market Cap
- $1.4B
- P/E Ratio
- 9.6
- 5-Yr Total Return
- -3%
- 52-Week Range
- $12.25 – $15.75
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
NFJ Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+43%
5 Years
-3%
52-Week Range
$12.25 – $15.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NFJ worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Virtus Dividend, Interest & Premium Strategy Fund is $24.94 per share, versus a market price of $15.26. That implies 63% of upside — a margin of safety of about 39%.
Fair Value
$24.94
Current Price
$15.26
Upside
+63%
Margin of Safety
39%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 9.8% discount rate (CAPM), 6.3% stage-1 growth, 2.5% terminal growth, $1.59 EPS, $1.22 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NFJ Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 14, 2026 | — | $0.3050 | regular |
| Jun 15, 2026 | — | $0.3050 | regular |
| Mar 16, 2026 | — | $0.3050 | regular |
| Dec 11, 2025 | — | $0.3050 | regular |
| Sep 12, 2025 | — | $0.3050 | regular |
| Jun 12, 2025 | — | $0.3050 | regular |
| Mar 13, 2025 | — | $0.3050 | regular |
| Dec 12, 2024 | — | $0.3050 | regular |
| Sep 13, 2024 | — | $0.3050 | regular |
| Jun 13, 2024 | — | $0.2800 | regular |
| Mar 8, 2024 | — | $0.2800 | regular |
| Dec 8, 2023 | — | $0.2450 | regular |
| Sep 8, 2023 | — | $0.2450 | regular |
| Jun 9, 2023 | — | $0.2450 | regular |
Income Calculator
At $1.22 / yr per share
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