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Wells Fargo Adv Multi-Sector Inco Fund (NYSE:ERC) declared a monthly dividend on Thursday, August 14th, American Banking and Market News reports. Investors of record on Monday, September 15th will be given a dividend of 0.10 per share on Wednesday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date of this dividend is Thursday, September 11th.

Shares of Wells Fargo Adv Multi-Sector Inco Fund (NYSE:ERC) traded up 0.63% on Thursday, hitting $14.47. 66,276 shares of the company’s stock traded hands. Wells Fargo Adv Multi-Sector Inco Fund has a one year low of $13.66 and a one year high of $14.99. The stock has a 50-day moving average of $14.76 and a 200-day moving average of $14.64.

Wells Fargo Advantage Multi-Sector Income Fund (NYSE:ERC), formerly Evergreen Multi-Sector Income Fund, is a diversified closed-end management investment company.

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