Wells Fargo Multi-Sector Income Fund Company Profile (NYSE:ERC)

About Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

Wells Fargo Multi-Sector Income Fund logoWells Fargo Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The Fund's portfolio includes agency securities, asset-backed securities, common stocks, corporate bonds and notes, foreign corporate bonds and notes, foreign government bonds, loans, municipal obligations, non-agency mortgage-backed securities and short-term investments. The Fund holds investments in various sectors, such as consumer discretionary, auto components, hotels, restaurants and leisure, media, specialty retail, energy equipment and services, commercial services and supplies, technology hardware and financials. Wells Fargo Funds Management, LLC is the advisor to the Fund, and First International Advisors, LLC and Wells Capital Management Incorporated are sub-advisors to the Fund.

Industry, Sector and Symbol: Average Prices:
  • 50 Day Moving Avg: $13.34
  • 200 Day Moving Avg: $13.40
  • 52 Week Range: $11.79 - $13.65
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
Dividend:
  • Dividend Yield: 9.5%
Misc:
  • Average Volume: 150,075 shs.
 

Frequently Asked Questions for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

What is Wells Fargo Multi-Sector Income Fund's stock symbol?

Wells Fargo Multi-Sector Income Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "ERC."

How often does Wells Fargo Multi-Sector Income Fund pay dividends? What is the dividend yield for Wells Fargo Multi-Sector Income Fund?

Wells Fargo Multi-Sector Income Fund announced a monthly dividend on Monday, October 2nd. Stockholders of record on Monday, October 16th will be paid a dividend of $0.1076 per share on Wednesday, November 1st. This represents a $1.29 dividend on an annualized basis and a dividend yield of 9.70%. The ex-dividend date is Friday, October 13th. This is a boost from Wells Fargo Multi-Sector Income Fund's previous monthly dividend of $0.11. View Wells Fargo Multi-Sector Income Fund's Dividend History.

Who are some of Wells Fargo Multi-Sector Income Fund's key competitors?

Who are Wells Fargo Multi-Sector Income Fund's key executives?

Wells Fargo Multi-Sector Income Fund's management team includes the folowing people:

  • Peter G. Gordon, Independent Chairman of the Board of Trustees
  • Karla M. Rabusch, President
  • Michael Whitaker, Chief Compliance Officer
  • Jeremy M. DePalma, Treasurer
  • David Berardi, Assistant Treasurer
  • C. David Messman, Secretary, Chief Legal Officer
  • William Robert Ebsworth, Independent Trustee
  • Jane A. Freeman, Independent Trustee
  • Isaiah Harris Jr., Independent Trustee
  • Judith M. Johnson, Independent Trustee

Who owns Wells Fargo Multi-Sector Income Fund stock?

Wells Fargo Multi-Sector Income Fund's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Sit Investment Associates Inc. (0.00%). View Institutional Ownership Trends for Wells Fargo Multi-Sector Income Fund.

Who sold Wells Fargo Multi-Sector Income Fund stock? Who is selling Wells Fargo Multi-Sector Income Fund stock?

Wells Fargo Multi-Sector Income Fund's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc.. View Insider Buying and Selling for Wells Fargo Multi-Sector Income Fund.

How do I buy Wells Fargo Multi-Sector Income Fund stock?

Shares of Wells Fargo Multi-Sector Income Fund can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Wells Fargo Multi-Sector Income Fund's stock price today?

One share of Wells Fargo Multi-Sector Income Fund stock can currently be purchased for approximately $13.31.


MarketBeat Community Rating for Wells Fargo Multi-Sector Income Fund (NYSE ERC)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  30 (Vote Outperform)
Underperform Votes:  34 (Vote Underperform)
Total Votes:  64
MarketBeat's community ratings are surveys of what our community members think about Wells Fargo Multi-Sector Income Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Wells Fargo Multi-Sector Income Fund (NYSE:ERC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A
Consensus Price Target History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Price Target History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Analysts' Ratings History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Next Dividend:11/1/2017
Annual Dividend:$1.29
Dividend Yield:9.69%
Dividend Growth:-1.90% (3 Year Average)
Payout Ratio:
Dividend Payments by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

Dividend History by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE ERC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/2/2017monthly$0.119.63%10/13/201710/16/201711/1/2017
8/17/2017monthly$0.119.77%9/12/20179/13/201710/2/2017
7/31/2017monthly$0.119.47%8/11/20178/15/20179/1/2017
7/3/2017monthly$0.119.5%7/13/20177/17/20178/1/2017
5/22/2017monthly$0.119.54%6/12/20176/14/20177/3/2017
5/1/2017monthly$0.119.36%5/16/20175/18/20176/1/2017
4/13/2017monthly$0.119.46%4/13/20174/18/20175/1/2017
3/2/2017monthly$0.109.28%3/13/20173/15/20174/3/2017
1/30/2017monthly$0.109.45%2/13/20172/15/20173/1/2017
1/3/2017monthly$0.098.59%1/12/20171/17/20172/1/2017
11/17/2016monthly$0.099.15%12/12/201612/14/20161/3/2017
10/31/2016monthly$0.098.75%11/14/201611/16/201612/1/2016
10/3/2016monthly$0.098.48%10/13/201610/17/201611/1/2016
8/11/2016monthly$0.098.52%9/12/20169/14/201610/3/2016
8/1/2016monthly$0.098.65%8/11/20168/15/20169/1/2016
6/27/2016monthly$0.099%7/11/20167/13/20168/1/2016
5/26/2016monthly$0.098.95%6/13/20166/15/20167/1/2016
5/2/2016monthly$0.109.28%5/12/20165/16/20166/1/2016
3/25/2016monthly$0.109.58%4/11/20164/13/20165/2/2016
6/29/2015monthly$0.109.17%7/13/20157/15/20158/3/2015
5/22/2015monthly$0.108.72%6/11/20156/15/20157/1/2015
4/27/2015monthly$0.108.59%5/11/20155/13/20156/1/2015
3/30/2015monthly$0.108.6%4/13/20154/15/20155/1/2015
2/20/2015monthly$0.108.6%3/12/20153/16/20154/1/2015
2/2/2015monthly$0.108.55%2/11/20152/13/20153/2/2015
12/29/2014monthly$0.108.49%1/12/20151/14/20152/2/2015
11/10/2014monthly$0.108.19%11/19/201411/21/20141/2/2015
11/4/2014monthly$0.108.43%11/13/201411/17/201412/1/2014
9/29/2014monthly$0.108.58%10/14/201410/16/201411/3/2014
8/14/2014monthly$0.108.29%9/11/20149/15/201410/1/2014
7/28/2014monthly$0.108.05%8/11/20148/13/20149/2/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Institutional Ownership by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/19/2017Saba Capital Management, L.P.Major ShareholderSell95,626$13.45$1,286,169.70View SEC Filing  
6/14/2017Saba Capital Management, L.P.Major ShareholderSell10,028$13.46$134,976.88View SEC Filing  
6/12/2017Saba Capital Management, L.P.Major ShareholderSell9,299$13.48$125,350.52View SEC Filing  
6/8/2017Saba Capital Management, L.P.Major ShareholderSell10,724$13.53$145,095.72View SEC Filing  
6/6/2017Saba Capital Management, L.P.Major ShareholderSell23,300$13.52$315,016.00View SEC Filing  
5/25/2017Saba Capital Management, L.P.Major ShareholderSell4,424$13.40$59,281.60View SEC Filing  
5/24/2017Saba Capital Management, L.P.Major ShareholderSell28,714$13.37$383,906.18View SEC Filing  
5/22/2017Saba Capital Management, L.P.Major ShareholderSell24,348$13.36$325,289.28View SEC Filing  
5/18/2017Saba Capital Management, L.P.Major ShareholderSell20,903$13.40$280,100.20View SEC Filing  
5/16/2017Saba Capital Management, L.P.Major ShareholderSell2,008,974$14.15$28,426,982.10View SEC Filing  
5/12/2017Saba Capital Management, L.P.Major ShareholderSell142,076$13.49$1,916,605.24View SEC Filing  
5/10/2017Saba Capital Management, L.P.Major ShareholderSell17,481$13.55$236,867.55View SEC Filing  
5/8/2017Saba Capital Management, L.P.Major ShareholderSell60,033$13.51$811,045.83View SEC Filing  
5/4/2017Saba Capital Management, L.P.Major ShareholderSell53,300$13.57$723,281.00View SEC Filing  
5/2/2017Saba Capital Management, L.P.Major ShareholderSell61,326$13.56$831,580.56View SEC Filing  
10/25/2016Saba Capital Management, L.P.Major ShareholderBuy9,037$12.95$117,029.15View SEC Filing  
10/24/2016Saba Capital Management, L.P.Major ShareholderBuy46,214$12.95$598,471.30View SEC Filing  
8/12/2016Saba Capital Management, L.P.Major ShareholderBuy72,991$12.99$948,153.09View SEC Filing  
8/9/2016Saba Capital Management, L.P.Major ShareholderBuy70,567$12.90$910,314.30View SEC Filing  
7/13/2016Saba Capital Management, L.P.Major ShareholderBuy22,100$12.78$282,438.00View SEC Filing  
6/10/2016Saba Capital Management, L.P.Major ShareholderBuy3,283$12.65$41,529.95View SEC Filing  
6/3/2016Saba Capital Management, L.P.Major ShareholderBuy18,892$12.46$235,394.32View SEC Filing  
5/27/2016Saba Capital Management, L.P.Major ShareholderBuy10,698$12.38$132,441.24View SEC Filing  
5/9/2016Saba Capital Management, L.P.Major ShareholderBuy10,000$12.35$123,500.00View SEC Filing  
4/22/2016Saba Capital Management, L.P.Major ShareholderBuy154,300$12.33$1,902,519.00View SEC Filing  
4/20/2016Saba Capital Management, L.P.Major ShareholderBuy177,110$12.29$2,176,681.90View SEC Filing  
4/18/2016Saba Capital Management, L.P.Major ShareholderBuy33,450$12.09$404,410.50View SEC Filing  
4/14/2016Saba Capital Management, L.P.Major ShareholderBuy28,749$12.02$345,562.98View SEC Filing  
4/8/2016Saba Capital Management, L.P.Major ShareholderBuy23,700$12.10$286,770.00View SEC Filing  
4/7/2016Saba Capital Management, L.P.Major ShareholderBuy15,850$12.04$190,834.00View SEC Filing  
4/5/2016Saba Capital Management, L.P.Major ShareholderBuy29,351$12.07$354,266.57View SEC Filing  
4/1/2016Saba Capital Management, L.P.Major ShareholderBuy64,037$12.19$780,611.03View SEC Filing  
3/30/2016Saba Capital Management, L.P.Major ShareholderBuy400$12.02$4,808.00View SEC Filing  
3/22/2016Saba Capital Management, L.P.Major ShareholderBuy11,600$12.09$140,244.00View SEC Filing  
3/21/2016Saba Capital Management, L.P.Major ShareholderBuy139,413$11.98$1,670,167.74View SEC Filing  
3/8/2016Saba Capital Management, L.P.Major ShareholderBuy1,200$11.66$13,992.00View SEC Filing  
3/7/2016Saba Capital Management, L.P.Major ShareholderBuy93,457$11.67$1,090,643.19View SEC Filing  
3/3/2016Saba Capital Management, L.P.Major ShareholderBuy25,967$11.50$298,620.50View SEC Filing  
3/1/2016Saba Capital Management, L.P.Major ShareholderBuy136,820$11.41$1,561,116.20View SEC Filing  
2/26/2016Saba Capital Management, L.P.Major ShareholderBuy60,153$11.21$674,315.13View SEC Filing  
2/24/2016Saba Capital Management, L.P.Major ShareholderBuy264,770$11.13$2,946,890.10View SEC Filing  
2/19/2016Saba Capital Management, L.P.Major ShareholderBuy76,713$10.94$839,240.22View SEC Filing  
2/17/2016Saba Capital Management, L.P.Major ShareholderBuy338,580$10.90$3,690,522.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Latest Headlines for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Source:
DateHeadline
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Increases Dividend to $0.11 Per Share
www.americanbankingnews.com - October 2 at 6:22 PM
seekingalpha.com logoERC: Ruined By An Unsustainable Policy
seekingalpha.com - September 19 at 4:15 AM
seekingalpha.com logoGet 16.8% Dividend Yield, And Diversify Some ETN Interest Risk
seekingalpha.com - August 28 at 6:07 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Raises Dividend to $0.11 Per Share
www.americanbankingnews.com - August 17 at 6:28 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (NYSE:ERC) to Issue Dividend Increase - $0.11 Per Share
www.americanbankingnews.com - July 31 at 5:47 PM
americanbankingnews.com logoShort Interest in Wells Fargo Multi-Sector Income Fund (NYSE:ERC) Decreases By 67.6%
www.americanbankingnews.com - July 26 at 7:02 AM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (NYSE:ERC) Short Interest Update
www.americanbankingnews.com - July 12 at 6:24 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (NYSE:ERC) Raises Dividend to $0.11 Per Share
www.americanbankingnews.com - July 3 at 6:40 PM
seekingalpha.com logo2 CEFs For The 7% $100,000 Portfolio: BlackRock Limited Duration Income Trust And Eaton Vance Limited Duration Income Fund
seekingalpha.com - August 28 at 9:22 AM
seekingalpha.com logoWells Fargo Advantage Multi-Sector Income Fund declares $0.0923 dividend
seekingalpha.com - June 28 at 9:53 PM
seekingalpha.com logoINSIDERINSIGHTS.COM DAILY ROUND UP 4 : Summit Midstream, RVUE, Wells Fargo Multi..
seekingalpha.com - April 22 at 7:11 PM
nasdaq.com logoWells Fargo Multi-Sector Income Fund (ERC) Ex-Dividend Date Scheduled
www.nasdaq.com - April 8 at 7:24 PM
seekingalpha.com logoWells Fargo Advantage Multi-Sector Income Fund declares $0.0967 dividend
seekingalpha.com - February 19 at 10:14 AM
fool.com logoThe 10 Biggest Banks in America (4Q15)
www.fool.com - January 27 at 11:00 AM
fool.com logo3 Top Stocks for Retirees to Buy
www.fool.com - January 27 at 8:04 AM
bizjournals.com logoStep aside GE and Amazon, Wells Fargo's John Stumpf takes the prize
www.bizjournals.com - January 26 at 5:52 PM
fool.com logo2 Great Bank Stocks Selling for a Deep Discount
www.fool.com - January 25 at 12:07 PM
usatoday.com logoWells Fargo ekes out small profit growth
www.usatoday.com - January 15 at 8:54 AM
thestreet.com logoWells Fargo Beats Estimates as Interest Rates Climb
www.thestreet.com - January 15 at 8:48 AM
thestreet.com logoObama's America in 2016 -- Heaven, Hell or Purgatory for Investors?
www.thestreet.com - January 13 at 12:43 PM
thestreet.com logoJim Cramer Loves Wells Fargo and You Should, Too
www.thestreet.com - January 13 at 5:57 AM
barrons.com logo[$$] Wells Fargo Looks Cheap As Analysts Boost Ratings
www.barrons.com - January 12 at 2:37 PM

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Chart

Wells Fargo Multi-Sector Income Fund (ERC) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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