Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Tuesday, June 30th, Wall Street Journal reports. Shareholders of record on Tuesday, July 14th will be given a dividend of 0.0575 per share by the closed-end fund on Monday, August 3rd. This represents a $0.69 dividend on an annualized basis and a yield of 9.85%. The ex-dividend date of this dividend is Monday, July 13th.
EAD stock traded down $0.04 during mid-day trading on Tuesday, reaching $7.00. 236,100 shares of the company traded hands, compared to its average volume of 364,123. Wells Fargo Advantage Income Opportunities Fund has a 52-week low of $4.76 and a 52-week high of $8.69.
Wells Fargo Advantage Income Opportunities Fund Company Profile
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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