Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Wednesday, January 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, January 16th will be given a dividend of 0.075 per share on Friday, February 1st. This represents a $0.90 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Tuesday, January 15th.
Wells Fargo Utilities and High Incm Fund stock opened at $12.03 on Monday. Wells Fargo Utilities and High Incm Fund has a 52-week low of $9.51 and a 52-week high of $13.11.
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Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.
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