Wells Fargo Income Opportunities Fund to Issue Monthly Dividend of $0.06 (EAD)
Wells Fargo Income Opportunities Fund (NYSE:EAD) declared a monthly dividend on Monday, October 2nd, Wall Street Journal reports. Investors of record on Monday, October 16th will be paid a dividend of 0.0564 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.68 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Friday, October 13th.
Wells Fargo Income Opportunities Fund has decreased its dividend by an average of 1.1% per year over the last three years.
Shares of Wells Fargo Income Opportunities Fund (NYSE EAD) opened at 8.67 on Tuesday. The company’s 50-day moving average is $8.58 and its 200 day moving average is $8.57. Wells Fargo Income Opportunities Fund has a 52-week low of $7.55 and a 52-week high of $8.97.
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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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