Wells Fargo Utilities and High Incm Fund (NYSE:ERH) announced a monthly dividend on Monday, July 31st, Wall Street Journal reports. Investors of record on Tuesday, August 15th will be given a dividend of 0.075 per share on Friday, September 1st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date is Friday, August 11th.
Shares of Wells Fargo Utilities and High Incm Fund (NYSE:ERH) opened at 13.2801 on Thursday. Wells Fargo Utilities and High Incm Fund has a one year low of $11.20 and a one year high of $13.59. The firm’s 50-day moving average is $13.19 and its 200-day moving average is $12.88.
About Wells Fargo Utilities and High Incm Fund
Wells Fargo Utilities and High Income Fund (the Fund), formerly Wells Fargo Advantage Utilities and High Income Fund, is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income.
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