Looking at the universe of stocks we cover at Dividend Channel, on 12/12/13, Wells Fargo Advantage Multi-Sector Income Fund (ERC) will trade ex-dividend, for its monthly dividend of $0.10, payable on 1/2/14. As a percentage of ERC's recent stock price of $13.85, this dividend works out to approximately 0.72%, so look for shares of Wells Fargo Advantage Multi-Sector Income Fund to trade 0.72% lower — all else being equal — when ERC shares open for trading on 12/12/13.
Below is a dividend history chart for ERC, showing historical dividends prior to the most recent $0.10 declared by Wells Fargo Advantage Multi-Sector Income Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ERC is likely to continue, and whether the current estimated yield of 8.66% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ERC shares, versus its 200 day moving average:Looking at the chart above, ERC's low point in its 52 week range is $13.66 per share, with $16.89 as the 52 week high point — that compares with a last trade of $13.85.
According to the ETF Finder at ETF Channel, ERC makes up 1.04% of the CEF Income Composite Portfolio ETF (PCEF) which is trading lower by about 0.2% on the day Tuesday. In Tuesday trading, Wells Fargo Advantage Multi-Sector Income Fund shares are currently off about 0.4% on the day.