Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Monday, October 29th, Wall Street Journal reports. Shareholders of record on Wednesday, November 14th will be paid a dividend of 0.0608 per share by the closed-end fund on Monday, December 3rd. This represents a $0.73 dividend on an annualized basis and a dividend yield of 9.64%. The ex-dividend date is Tuesday, November 13th.
Wells Fargo Advantage Income Opportunities Fund has decreased its dividend by an average of 3.5% per year over the last three years.
Shares of EAD opened at $7.57 on Tuesday. Wells Fargo Advantage Income Opportunities Fund has a fifty-two week low of $7.57 and a fifty-two week high of $8.60.
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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