Wells Fargo Multi-Sector Income Fund Plans Monthly Dividend of $0.09 (ERC)
Wells Fargo Multi-Sector Income Fund (NYSE:ERC) declared a monthly dividend on Monday, October 3rd. Stockholders of record on Monday, October 17th will be given a dividend of 0.0923 per share by the closed-end fund on Tuesday, November 1st. This represents a $1.11 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date is Thursday, October 13th.
Wells Fargo Multi-Sector Income Fund (NYSE:ERC) traded up 0.69% during trading on Monday, hitting $13.06. The stock had a trading volume of 79,629 shares. The company’s 50 day moving average is $12.98 and its 200 day moving average is $12.58. Wells Fargo Multi-Sector Income Fund has a 52-week low of $10.32 and a 52-week high of $13.25.
In other news, major shareholder Saba Capital Management, L.P. purchased 70,567 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $12.90 per share, for a total transaction of $910,314.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
About Wells Fargo Multi-Sector Income Fund
Wells Fargo Multi-Sector Income (the Fund), formerly Wells Fargo Advantage Multi-Sector Income Fund, is a diversified closed-end management investment company. The Fund seeks a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. It includes asset classes, such as mortgage/corporate bonds, high-yield bonds, and international/emerging markets bonds.
Receive News & Stock Ratings for Wells Fargo Multi-Sector Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Multi-Sector Income Fund and related stocks with our FREE daily email newsletter.