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Virtus Dividend, Interest & Premium Strategy Fund (Virtus Dividend, Interest & Premium Strategy Fund) Net Interest Margin (Bank Only) % : N/A% (As of Jan. 2023)


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What is Virtus Dividend, Interest & Premium Strategy Fund Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Virtus Dividend, Interest & Premium Strategy Fund's annualized Net Interest Income (for Banks) for the quarter that ended in Jan. 2023 was $3.24 Mil. Virtus Dividend, Interest & Premium Strategy Fund's average earning assets for the quarter that ended in Jan. 2023 was $0.00 Mil. Therefore, Virtus Dividend, Interest & Premium Strategy Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jan. 2023 was N/A%.


Virtus Dividend, Interest & Premium Strategy Fund Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Virtus Dividend, Interest & Premium Strategy Fund's Net Interest Margin (Bank Only) % 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 Net Interest Margin (Bank Only) % Chart

Virtus Dividend, Interest & Premium Strategy Fund Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net Interest Margin (Bank Only) %
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Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
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Competitive Comparison of Virtus Dividend, Interest & Premium Strategy Fund's Net Interest Margin (Bank Only) %

For the Asset Management subindustry, Virtus Dividend, Interest & Premium Strategy Fund's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virtus Dividend, Interest & Premium Strategy Fund's Net Interest Margin (Bank Only) % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Dividend, Interest & Premium Strategy Fund's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Virtus Dividend, Interest & Premium Strategy Fund's Net Interest Margin (Bank Only) % falls into.



Virtus Dividend, Interest & Premium Strategy Fund Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Virtus Dividend, Interest & Premium Strategy Fund's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Jan. 2024 is calculated as

Net Interest Margin (Bank Only) %(A: Jan. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Jan. 2023 ) + Earning Assets (A: Jan. 2024 ))/ count )
=5.04/( (0 + 0)/ 1 )
=5.04/0
=N/A %

where

Earning Assets(A: Jan. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(A: Jan. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Virtus Dividend, Interest & Premium Strategy Fund's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jan. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Jan. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jul. 2022 ) + Earning Assets (Q: Jan. 2023 ))/ count )
=3.238/( (0 + 0)/ 1 )
=3.238/0
=N/A %

where

Earning Assets(Q: Jul. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

Earning Assets(Q: Jan. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 0 + 0
=0

* 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.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is two times the semi-annual (Jan. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Virtus Dividend, Interest & Premium Strategy Fund  (NYSE:NFJ) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Virtus Dividend, Interest & Premium Strategy Fund Net Interest Margin (Bank Only) % Related Terms

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

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
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

Virtus Dividend, Interest & Premium Strategy Fund (Virtus Dividend, Interest & Premium Strategy Fund) Headlines

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