Wells Fargo Multi-Sector Income Fund (ERC) to Issue Monthly Dividend of $0.09
Wells Fargo Multi-Sector Income Fund (NYSE:ERC) announced a monthly dividend on Monday, October 3rd. Investors of record on Monday, October 17th will be paid a dividend of 0.0923 per share by the closed-end fund on Tuesday, November 1st. This represents a $1.11 annualized dividend and a yield of 8.54%. The ex-dividend date of this dividend is Thursday, October 13th.
Shares of Wells Fargo Multi-Sector Income Fund (NYSE:ERC) opened at 12.97 on Friday. The company’s 50-day moving average price is $12.96 and its 200 day moving average price is $12.62. Wells Fargo Multi-Sector Income Fund has a one year low of $10.32 and a one year high of $13.25.
In other news, major shareholder Saba Capital Management, L.P. purchased 72,991 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $948,153.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Wells Fargo Multi-Sector Income Fund Company Profile
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.
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