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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Thursday, August 15th, Wall Street Journal reports. Shareholders 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 yield of 9.04%. The ex-dividend date of this dividend 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 increased its dividend payment by an average of 2.4% per year over the last three years.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.1 %

Shares of EAD stock traded up $0.01 on Thursday, hitting $6.94. 126,963 shares of the company’s stock traded hands, compared to its average volume of 167,431. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a one year low of $5.69 and a one year high of $7.06.

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.