Wells Fargo Multi-Sector Income Fund (NYSE:ERC) 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 0.1076 per share by the closed-end fund on Wednesday, November 1st. This represents a $1.29 annualized dividend and a yield of 9.69%. The ex-dividend date of this dividend is Friday, October 13th. This is a boost from Wells Fargo Multi-Sector Income Fund’s previous monthly dividend of $0.11.

Wells Fargo Multi-Sector Income Fund has decreased its dividend by an average of 1.9% annually over the last three years.

Wells Fargo Multi-Sector Income Fund (NYSE ERC) opened at 13.32 on Thursday. Wells Fargo Multi-Sector Income Fund has a 12 month low of $11.79 and a 12 month high of $13.65. The company’s 50-day moving average price is $13.35 and its 200 day moving average price is $13.40.

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About Wells Fargo Multi-Sector Income Fund

Wells Fargo Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The Fund’s portfolio includes agency securities, asset-backed securities, common stocks, corporate bonds and notes, foreign corporate bonds and notes, foreign government bonds, loans, municipal obligations, non-agency mortgage-backed securities and short-term investments.

Dividend History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

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