About Wells Fargo Multi-Sector Income Fund
Wells 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:
- Sector: N/A
- Industry: N/A
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: ERC
- Previous Close: $13.40
- 50 Day Moving Average: $13.12
- 200 Day Moving Average: $12.85
- 52-Week Range: $11.39 - $13.40
- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
- Market Cap: $N/A
Consensus Ratings for Wells Fargo Multi-Sector Income Fund (NYSE:ERC) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
|Dividend Growth:||-1.90% (3 Year Average)|
Dividend History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/25/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||9,037||$12.95||$117,029.15|| |
|10/24/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||46,214||$12.95||$598,471.30|| |
|8/12/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||72,991||$12.99||$948,153.09|| |
|8/9/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||70,567||$12.90||$910,314.30|| |
|7/13/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||22,100||$12.78||$282,438.00|| |
|6/10/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||3,283||$12.65||$41,529.95|| |
|6/3/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||18,892||$12.46||$235,394.32|| |
|5/27/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||10,698||$12.38||$132,441.24|| |
|5/9/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||10,000||$12.35||$123,500.00|| |
|4/22/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||154,300||$12.33||$1,902,519.00|| |
|4/20/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||177,110||$12.29||$2,176,681.90|| |
|4/18/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||33,450||$12.09||$404,410.50|| |
|4/14/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||28,749||$12.02||$345,562.98|| |
|4/8/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||23,700||$12.10||$286,770.00|| |
|4/7/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||15,850||$12.04||$190,834.00|| |
|4/5/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||29,351||$12.07||$354,266.57|| |
|4/1/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||64,037||$12.19||$780,611.03|| |
|3/30/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||400||$12.02||$4,808.00|| |
|3/22/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||11,600||$12.09||$140,244.00|| |
|3/21/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||139,413||$11.98||$1,670,167.74|| |
|3/8/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||1,200||$11.66||$13,992.00|| |
|3/7/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||93,457||$11.67||$1,090,643.19|| |
|3/3/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||25,967||$11.50||$298,620.50|| |
|3/1/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||136,820||$11.41||$1,561,116.20|| |
|2/26/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||60,153||$11.21||$674,315.13|| |
|2/24/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||264,770||$11.13||$2,946,890.10|| |
|2/19/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||76,713||$10.94||$839,240.22|| |
|2/17/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||338,580||$10.90||$3,690,522.00|| |
Latest Headlines 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, January 30th. Investors of record on Wednesday, February 15th will be given a dividend of $0.1032 per share on Wednesday, March 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date is Monday, February 13th. This is a positive change from Wells Fargo Multi-Sector Income Fund's previous monthly dividend of $0.09.
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.
How much does a share of Wells Fargo Multi-Sector Income Fund stock cost?
One share of Wells Fargo Multi-Sector Income Fund stock can currently be purchased for approximately $13.40.
Wells Fargo Multi-Sector Income Fund (NYSE:ERC) Chart for Wednesday, March, 1, 2017
Institutional Ownership ChartEarnings History ChartDividend History Chart