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Virtus Dividend, Interest & Premium Strategy Fund Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Jan. 2022)
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Virtus Dividend, Interest & Premium Strategy Fund's Enterprise Value for the quarter that ended in Jan. 2022 was $1,395.9 Mil. Virtus Dividend, Interest & Premium Strategy Fund's EBIT for the trailing twelve months (TTM) ended in Jan. 2022 was $0.0 Mil. Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2022 was 0.00%.

The historical rank and industry rank for Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Virtus Dividend, Interest & Premium Strategy Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2022 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Virtus Dividend, Interest & Premium Strategy Fund Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) % 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
Earnings Yield (Joel Greenblatt) %
- - - - -

Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Asset Management subindustry, Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution

For the Asset Management industry and Financial Services sector, Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) % falls into.



Virtus Dividend, Interest & Premium Strategy Fund Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Virtus Dividend, Interest & Premium Strategy Funds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=0/1395.927568
= %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.



Virtus Dividend, Interest & Premium Strategy Fund  (NYSE:NFJ) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Virtus Dividend, Interest & Premium Strategy Fund Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus Dividend, Interest & Premium Strategy Fund Business Description

Virtus Dividend, Interest & Premium Strategy Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
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
Mowrey John R. other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Oliver Thomas W Jr other: Affiliated Person 2121 SAN JACINTO DRIVE DALLAS TX 75201
Pushpaharan Gem other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Viggiano John other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Cogan Sarah E director 1633 BROADWAY NEW YORK NY 10019
Macleod James S director 250 E KILBOURN AVE MILWAUKEE WI 53202
Parker Jeffrey D other: See Remarks 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Holt Erick director 1633 BROADWAY NEW YORK NY 10019
Ruckman Craig officer: Assistant Secretary 1633 BROADWAY NEW YORK NY 10019
Rappaport Alan director C/O PIMCO 650 NEWPORT CENTER DRIVE NEWPORT BEACH CA 92660
Magnuson Paul A other: Portfolio Manager 2121 SAN JACINTO, SUITE 1840 DALLAS TX 75201
Mildner Heiko other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Thompson Kathleen C. other: Affiliated Person 1633 BROADWAY NEW YORK NY 10019
Fischer Ben J other: Portfolio Manager 1633 BROADWAY NEW YORK NY 10019
Grau William other: SEE REMARKS C/O ALLIANZ GLOBAL INVESTORS U.S. LLC 1633 BROADWAY NEW YORK NY 10019

Virtus Dividend, Interest & Premium Strategy Fund Headlines

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