Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.1001 per share on Monday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date is Thursday, June 13th.

Wells Fargo Advantage Multi-Sector Income Fund has raised its dividend payment by an average of 3.5% annually over the last three years.

ERC stock traded up $0.12 during midday trading on Wednesday, reaching $12.47. 81,800 shares of the stock were exchanged, compared to its average volume of 115,000. Wells Fargo Advantage Multi-Sector Income Fund has a 52 week low of $10.27 and a 52 week high of $12.76.

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About Wells Fargo Advantage Multi-Sector Income Fund

Wells Fargo Advantage Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe.

Further Reading: Support Level

Dividend History for Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC)

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