Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.0591 per share by the closed-end fund on Monday, July 1st. This represents a $0.71 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date is Thursday, June 13th.
Wells Fargo Advantage Income Opportunities Fund has decreased its dividend payment by an average of 7.1% annually over the last three years.
Wells Fargo Advantage Income Opportunities Fund stock traded up $0.03 during mid-day trading on Wednesday, reaching $8.04. The company’s stock had a trading volume of 14,859 shares, compared to its average volume of 251,849. Wells Fargo Advantage Income Opportunities Fund has a twelve month low of $6.91 and a twelve month high of $8.16.
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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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