Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.1001 per share on Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Thursday, June 13th.
Wells Fargo Advantage Multi-Sector Income Fund has raised its dividend payment by an average of 3.5% annually over the last three years.
ERC traded up $0.02 on Thursday, hitting $12.26. 42,154 shares of the company’s stock traded hands, compared to its average volume of 116,597. Wells Fargo Advantage Multi-Sector Income Fund has a one year low of $10.27 and a one year high of $12.85.
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Wells Fargo Advantage Multi-Sector Income Fund Company Profile
Wells Fargo Advantage Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe.
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