Wells Fargo Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Monday, January 29th, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.0564 per share by the closed-end fund on Thursday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Tuesday, February 13th.
Shares of Wells Fargo Income Opportunities Fund (EAD) traded down $0.06 during midday trading on Monday, hitting $8.38. The stock had a trading volume of 252,210 shares, compared to its average volume of 295,685. Wells Fargo Income Opportunities Fund has a 12-month low of $8.18 and a 12-month high of $8.97.
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Wells Fargo Income Opportunities Fund Company Profile
Wells Fargo Income Opportunities Fund (the Fund), formerly Wells Fargo Advantage Income Opportunities Fund, is a diversified closed-end management investment company. The Fund’s investment objective is to seek high level of current income and capital appreciation is its secondary objective. The Fund may invest in direct debt instruments, which are interests in amounts owed to lenders by corporate or other borrowers.
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