About Virtus NFJ International Value Fund (AFJAX) — Dividend Analysis 2026
The fund normally invests at least 65% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities (such as preferred stocks, convertible securities and warrants) of non-U.S. companies with market capitalizations greater than $1 billion. It normally invests significantly in securities that the portfolio managers expect will generate income (for example, by paying dividends).
Is AFJAX a good dividend investment in 2026?
AFJAX offers a 5.45% forward yield with a 50% payout ratio. Strand Safety Score: 40/100 (High Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
AFJAX DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your AFJAX portfolio grows to $17.0K vs $15.4K without reinvestment. This is the compound interest effect in action.
AFJAX dividend growth history & forecast
AFJAX has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 5.45%.
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum-0.1B → -0.0B → +0.1B
0 / 30 pts
0/30
Company is reporting net losses — dividend sustainability is in question
OVERALL ASSESSMENT
Dividend sustainability questionable — consider alternative income stocks.
STRAND SCORE
40
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 AFJAX Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold AFJAX.
Gross yield
5.45%
Tax rate
15.00%
After-tax yield
4.63%
Real yield (−CPI)
1.83%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
5.45%
2.65%
$545 / yr
🇺🇸 US Taxable (15%) ✓
15%
4.63%
1.83%
$463 / yr
🇺🇸 US Taxable (20%)
20%
4.36%
1.56%
$436 / yr
🇬🇧 UK ISA
0%
5.45%
2.65%
$545 / yr
🇬🇧 UK Taxable
8.75%
4.97%
2.17%
$497 / yr
🇨🇦 TFSA
0%
5.45%
2.65%
$545 / yr
🇨🇦 CA Taxable
25%
4.09%
1.29%
$409 / yr
🇦🇺 Super (pension)
15%
4.63%
1.83%
$463 / yr
🇦🇺 AU Taxable
30%
3.81%
1.02%
$381 / yr
🇩🇪 DE Taxable
26.375%
4.01%
1.21%
$401 / yr
🇫🇷 FR Taxable
30%
3.81%
1.02%
$381 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 AFJAX Income Goal & Break-Even
Dividend Break-Even
22yr
Years for dividends to fully repay your AFJAX investment of $24.54/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$5.7K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$3.3K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in AFJAX for:
Shares needed
21,123
Capital required
$518,358
Monthly income
$2,000
Based on current dividend of $1.34/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 AFJAX Dividend Payment Schedule
AFJAX pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$2.84 / payment
$11.36 / year after tax
100 shares
$28.41 / payment
$113.62 / year after tax
1,000 shares
$284.05 / payment
$1136.20 / year after tax
📊 AFJAX vs Financial Services Benchmarks
How AFJAX compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+2.55% vs sectorBetter
AFJAX
5.45%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
AFJAX
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
AFJAX
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for AFJAX sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ AFJAX Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
-0.27
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
5/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the AFJAX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →