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.
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.
TRADEMARK VIOLATION NOTICE: “Wells Fargo Multi-Sector Income Fund (ERC) To Go Ex-Dividend on April 13th” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3340519/wells-fargo-multi-sector-income-fund-erc-to-go-ex-dividend-on-april-13th.html.
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.
Receive News & Ratings for Wells Fargo Multi-Sector Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Multi-Sector Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.