Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) to Issue Monthly Dividend of $0.05

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Tuesday, December 12th will be paid a dividend of 0.0517 per share by the closed-end fund on Tuesday, January 2nd. This represents a $0.62 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend is Monday, December 11th. This is an increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has decreased its dividend by an average of 0.5% per year over the last three years.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.8 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded up $0.05 during trading hours on Monday, hitting $6.22. 76,797 shares of the stock traded hands, compared to its average volume of 189,224. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1 year low of $5.69 and a 1 year high of $7.21.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 6.5% during the third quarter. LPL Financial LLC now owns 170,964 shares of the closed-end fund’s stock valued at $1,043,000 after buying an additional 10,410 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the second quarter worth about $102,000. MML Investors Services LLC boosted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.3% during the second quarter. MML Investors Services LLC now owns 27,174 shares of the closed-end fund’s stock worth $175,000 after acquiring an additional 1,856 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter valued at about $163,000. Finally, Northern Trust Corp raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 17.5% in the 2nd quarter. Northern Trust Corp now owns 14,201 shares of the closed-end fund’s stock valued at $92,000 after acquiring an additional 2,118 shares during the last quarter.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.