Virtus Dividend, Interest & Premium Strategy Fund (Virtus Dividend, Interest & Premium Strategy Fund) Net Income

: $-108.59 Mil (TTM As of Jan. 2023)

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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Virtus Dividend, Interest & Premium Strategy Fund's Net Income for the six months ended in Jan. 2023 was $17.49 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jan. 2023 was $-108.59 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Virtus Dividend, Interest & Premium Strategy Fund's Earnings per Share (Diluted) for the six months ended in Jan. 2023 was $0.18.

Virtus Dividend, Interest & Premium Strategy Fund Net Income Historical Data

The historical data trend for Virtus Dividend, Interest & Premium Strategy Fund's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virtus Dividend, Interest & Premium Strategy Fund Annual Data

Trend

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Net Income

163.43

167.17

192.03

-108.59

95.49

Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Net Income									207.16	-15.13	-126.08	17.49	-

Virtus Dividend, Interest & Premium Strategy Fund Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Virtus Dividend, Interest & Premium Strategy Fund's Net Income for the fiscal year that ended in Jan. 2024 is calculated as

	Net Income		(A: Jan. 2024 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	95.486	+	0	+	0	+	0
=	95.49

Virtus Dividend, Interest & Premium Strategy Fund's Net Income for the quarter that ended in Jan. 2023 is calculated as

	Net Income		(Q: Jan. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	17.489	+	0	+	0	+	0
=	17.49

Net Income for the trailing twelve months (TTM) ended in Jan. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-108.59 Mil.

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Virtus Dividend, Interest & Premium Strategy Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jan. 2023 is calculated as

Earnings per Share (Diluted) (Q: Jan. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(17.489	-	0)	/	95.714
	=	0.18

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Virtus Dividend, Interest & Premium Strategy Fund Net Income Related Terms

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Virtus Dividend, Interest & Premium Strategy Fund (Virtus Dividend, Interest & Premium Strategy Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://www.virtus.com

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.

Executives

Donald C Burke	director	C/O BLACKROCK FINANCIAL MANAGEMENT, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara	director	150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103