Wells Fargo Multi-Sector Income Fund (ERC) Earning Somewhat Favorable Media Coverage, Study Shows
News articles about Wells Fargo Multi-Sector Income Fund (NYSE:ERC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wells Fargo Multi-Sector Income Fund earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news coverage about the closed-end fund an impact score of 46.4809212394979 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Wells Fargo Multi-Sector Income Fund (NYSE:ERC) traded down 0.52% during mid-day trading on Wednesday, reaching $13.33. 97,095 shares of the company were exchanged. The stock has a 50-day moving average price of $13.34 and a 200 day moving average price of $13.40. Wells Fargo Multi-Sector Income Fund has a one year low of $11.79 and a one year high of $13.65.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be given a dividend of $0.1076 per share. The ex-dividend date is Friday, October 13th. This represents a $1.29 annualized dividend and a dividend yield of 9.63%. This is an increase from Wells Fargo Multi-Sector Income Fund’s previous monthly dividend of $0.11.
Wells Fargo Multi-Sector Income Fund Company Profile
Wells Fargo Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The Fund’s portfolio includes agency securities, asset-backed securities, common stocks, corporate bonds and notes, foreign corporate bonds and notes, foreign government bonds, loans, municipal obligations, non-agency mortgage-backed securities and short-term investments.
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