Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (EAD) to Issue Monthly Dividend of $0.05 on October 1st

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Wednesday, August 14th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.0523 per share by the closed-end fund on Tuesday, October 1st. This represents a $0.63 annualized dividend and a dividend yield of 8.85%. The ex-dividend date is Friday, September 13th. This is a boost 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 raised its dividend by an average of 2.4% per year over the last three years.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.4 %

Shares of NYSEAMERICAN EAD opened at $7.09 on Wednesday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1-year low of $5.69 and a 1-year high of $7.10.

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.