Media stories about Wells Fargo Multi-Sector Income Fund (NYSE:ERC) have trended very positive on Thursday, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo Multi-Sector Income Fund earned a news sentiment score of 0.70 on Alpha One’s scale. Alpha One also gave news stories about the closed-end fund an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

Wells Fargo Multi-Sector Income Fund (NYSE:ERC) opened at 13.53 on Thursday. The stock has a 50 day moving average price of $13.47 and a 200-day moving average price of $13.14. Wells Fargo Multi-Sector Income Fund has a one year low of $11.79 and a one year high of $13.62.

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.1063 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 9.43%. This is a positive change from Wells Fargo Multi-Sector Income Fund’s previous monthly dividend of $0.11.

In other news, major shareholder Saba Capital Management, L.P. sold 2,008,974 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $14.15, for a total transaction of $28,426,982.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 2,444,879 shares of company stock worth $34,309,956 in the last ninety days.

COPYRIGHT VIOLATION WARNING: This story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/06/08/wells-fargo-multi-sector-income-fund-erc-receives-news-sentiment-rating-of-0-70.html.

Wells Fargo Multi-Sector Income Fund Company Profile

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.

Receive News & Ratings for Wells Fargo Multi-Sector Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Multi-Sector Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.