Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Monday, November 13th, Wall Street Journal reports. Shareholders of record on Wednesday, December 13th will be given a dividend of 0.1077 per share on Tuesday, January 2nd. This represents a $1.29 dividend on an annualized basis and a yield of 9.87%. The ex-dividend date of this dividend is Tuesday, December 12th.
Wells Fargo Multi-Sector Income Fund (ERC) opened at $13.10 on Thursday. Wells Fargo Multi-Sector Income Fund has a 52 week low of $12.53 and a 52 week high of $13.65.
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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.
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