Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Wednesday, January 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, January 16th will be paid a dividend of 0.0602 per share by the closed-end fund on Friday, February 1st. This represents a $0.72 annualized dividend and a dividend yield of 9.47%. The ex-dividend date of this dividend is Tuesday, January 15th.
Wells Fargo Advantage Income Opportunities Fund has decreased its dividend payment by an average of 7.1% annually over the last three years.
Shares of NYSEAMERICAN:EAD opened at $7.63 on Monday. Wells Fargo Advantage Income Opportunities Fund has a fifty-two week low of $6.91 and a fifty-two week high of $8.51.
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About Wells Fargo Advantage Income Opportunities Fund
Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.
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