Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Plans Monthly Dividend of $0.06

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Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EADGet Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.0602 per share by the closed-end fund on Wednesday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 9.69%. The ex-dividend date is Thursday, May 12th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has raised its dividend payment by an average of 1.9% annually over the last three years.

NYSEAMERICAN:EAD opened at $7.46 on Wednesday. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 1-year low of $7.36 and a 1-year high of $9.22.

Institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $176,000. Jane Street Group LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $204,000. NewEdge Advisors LLC acquired a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter worth about $680,000. Bank of America Corp DE raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 134.3% during the second quarter. Bank of America Corp DE now owns 90,946 shares of the closed-end fund’s stock worth $799,000 after acquiring an additional 52,122 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 5.0% in the fourth quarter. LPL Financial LLC now owns 179,627 shares of the closed-end fund’s stock valued at $1,645,000 after purchasing an additional 8,598 shares during the period.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (Get Rating)

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.

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