Media headlines about Wells Fargo Income Opportunities Fund (NYSE:EAD) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wells Fargo Income Opportunities Fund earned a news impact score of 0.23 on Accern’s scale. Accern also gave press coverage about the closed-end fund an impact score of 45.2667223919686 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Wells Fargo Income Opportunities Fund (NYSE:EAD) traded up 0.173% during mid-day trading on Tuesday, reaching $8.695. The company’s stock had a trading volume of 64,289 shares. Wells Fargo Income Opportunities Fund has a 1-year low of $7.55 and a 1-year high of $8.97. The company’s 50 day moving average price is $8.60 and its 200-day moving average price is $8.58.
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 issued a $0.0564 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date is Friday, October 13th.
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About Wells Fargo Income Opportunities Fund
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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