Wells Fargo Income Opportunities Fund (EAD) Plans Monthly Dividend of $0.06
Wells Fargo Income Opportunities Fund (NYSE:EAD) declared a monthly dividend on Tuesday, October 31st, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.0564 per share by the closed-end fund on Friday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date is Tuesday, November 14th.
Wells Fargo Income Opportunities Fund has decreased its dividend payment by an average of 1.1% annually over the last three years.
Wells Fargo Income Opportunities Fund (NYSE:EAD) traded down 0.70% during trading on Tuesday, reaching $8.51. 168,569 shares of the company’s stock were exchanged. Wells Fargo Income Opportunities Fund has a 52-week low of $7.55 and a 52-week high of $8.97. The stock’s 50 day moving average price is $8.63 and its 200 day moving average price is $8.60.
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About Wells Fargo Income Opportunities Fund
Wells Fargo Income Opportunities Fund (the Fund), formerly Wells Fargo Advantage Income Opportunities Fund, is a diversified closed-end management investment company. The Fund’s investment objective is to seek high level of current income and capital appreciation is its secondary objective. The Fund may invest in direct debt instruments, which are interests in amounts owed to lenders by corporate or other borrowers.
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