News headlines about Wells Fargo Multi-Sector Income Fund (NYSE:ERC) have been trending somewhat negative on Saturday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wells Fargo Multi-Sector Income Fund earned a news sentiment score of -0.17 on Accern’s scale. Accern also assigned media coverage about the closed-end fund an impact score of 46.8535875888817 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Wells Fargo Multi-Sector Income Fund (NYSE:ERC) remained flat at $13.15 on Friday. The stock had a trading volume of 105,140 shares. The firm has a 50 day moving average of $13.31 and a 200-day moving average of $13.39. Wells Fargo Multi-Sector Income Fund has a 52 week low of $11.79 and a 52 week high of $13.65.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.1076 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 9.82%. This is an increase from Wells Fargo Multi-Sector Income Fund’s previous monthly dividend of $0.11.
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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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