Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund (NYSEAMERICAN:EAD) Declares Dividend Increase – $0.06 Per Share


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Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Tuesday, May 4th, Wall Street Journal reports. Shareholders of record on Friday, May 14th will be paid a dividend of 0.0567 per share by the closed-end fund on Tuesday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Thursday, May 13th. This is a boost from Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund’s previous monthly dividend of $0.06.

EAD traded down $0.02 during trading on Tuesday, reaching $8.68. 112,593 shares of the company traded hands, compared to its average volume of 175,184. Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund has a 12-month low of $6.51 and a 12-month high of $8.71.

In related news, Portfolio Manager Christopher M. Lee acquired 5,000 shares of the business’s stock in a transaction on Monday, March 29th. The stock was acquired at an average cost of $8.37 per share, with a total value of $41,850.00. Following the acquisition, the portfolio manager now directly owns 31,750 shares in the company, valued at approximately $265,747.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

About Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund

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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Dividend History for Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund (NYSEAMERICAN:EAD)

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