Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Wells Fargo Income Opportunities Fund (EAD) Share Price
Media stories about Wells Fargo Income Opportunities Fund (NYSE:EAD) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wells Fargo Income Opportunities Fund earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the closed-end fund an impact score of 45.926412545556 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Wells Fargo Income Opportunities Fund (NYSE EAD) opened at 8.55 on Friday. Wells Fargo Income Opportunities Fund has a 1-year low of $7.55 and a 1-year high of $8.97. The firm has a 50-day moving average price of $8.60 and a 200 day moving average price of $8.54.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.0598 dividend. This represents a $0.72 annualized dividend and a dividend yield of 8.40%. The ex-dividend date is Friday, August 11th.
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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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