Wells Fargo Income Opportunities Fund (NYSE:EAD) announced a monthly dividend on Monday, October 2nd, Wall Street Journal reports. Investors of record on Monday, October 16th will be given a dividend of 0.0564 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.68 annualized dividend and a yield of 7.76%. The ex-dividend date 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 8.72 on Thursday. Wells Fargo Income Opportunities Fund has a 52-week low of $7.55 and a 52-week high of $8.97. The company has a 50-day moving average of $8.61 and a 200 day moving average of $8.58.
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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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