Wells Fargo Multi-Sector Income Fund (ERC) To Go Ex-Dividend on April 13th

Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Friday, March 30th, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be paid a dividend of 0.108 per share on Tuesday, May 1st. This represents a $1.30 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Friday, April 13th.

Shares of NYSEAMERICAN:ERC opened at $13.12 on Friday. Wells Fargo Multi-Sector Income Fund has a one year low of $12.66 and a one year high of $13.65.

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In related news, Director Ronald W. Stewart sold 150,000 shares of Wells Fargo Multi-Sector Income Fund stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $0.20, for a total transaction of $30,000.00. In the last quarter, insiders have bought 119,500 shares of company stock valued at $17,120.

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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.

Dividend History for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC)

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