Media headlines about Wells Fargo Income Opportunities Fund (NYSE:EAD) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wells Fargo Income Opportunities Fund earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the closed-end fund an impact score of 45.9288155752924 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Wells Fargo Income Opportunities Fund (NYSE EAD) traded down 0.12% on Friday, reaching $8.55. 89,758 shares of the company’s stock were exchanged. Wells Fargo Income Opportunities Fund has a 52-week low of $7.55 and a 52-week high of $8.97. The company’s 50 day moving average price is $8.61 and its 200-day moving average price is $8.55.
The company also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.0564 per share. This represents a $0.68 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Tuesday, September 12th.
Wells Fargo Income Opportunities Fund Company Profile
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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