Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Announces Dividend Increase – $0.05 Per Share

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.0531 per share by the closed-end fund on Thursday, January 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has raised its dividend by an average of 2.4% annually over the last three years.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Down 0.4 %

Shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded down $0.02 during trading on Thursday, reaching $6.83. The company’s stock had a trading volume of 169,146 shares, compared to its average volume of 167,979. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52-week low of $6.10 and a 52-week high of $7.22.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Wells Fargo Advantage Funds – Allspring 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.