Wells Fargo Multi-Sector Income Fund (NYSE:ERC) Given Daily Coverage Optimism Score of 0.03
Media stories about Wells Fargo Multi-Sector Income Fund (NYSE:ERC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wells Fargo Multi-Sector Income Fund earned a news impact score of 0.03 on Accern’s scale. Accern also gave news articles about the closed-end fund an impact score of 46.4898103003496 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Wells Fargo Multi-Sector Income Fund (NYSE ERC) opened at 13.15 on Friday. Wells Fargo Multi-Sector Income Fund has a 52-week low of $11.79 and a 52-week high of $13.65. The company has a 50-day moving average of $13.43 and a 200 day moving average of $13.36.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.1073 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.29 dividend on an annualized basis and a yield of 9.79%. This is an increase from Wells Fargo Multi-Sector Income Fund’s previous monthly dividend of $0.11.
In other Wells Fargo Multi-Sector Income Fund news, major shareholder Saba Capital Management, L.P. sold 2,008,974 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $14.15, for a total value of $28,426,982.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,236,340 shares of company stock valued at $31,482,168 in the last three months.
About Wells Fargo Multi-Sector Income Fund
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.