Cash Dividend On The Way From Wells Fargo Advantage Utilities And High Income Fund (ERH)

Looking at the universe of stocks we cover at Dividend Channel, on 4/12/13, Wells Fargo Advantage Utilities and High Income Fund (ERH) ERH will trade ex-dividend, for its monthly dividend of $0.075, payable on 5/1/13. As a percentage of ERH's recent stock price of $11.94, this dividend works out to approximately 0.63%, so look for shares of Wells Fargo Advantage Utilities and High Income Fund to trade 0.63% lower — all else being equal — when ERH shares open for trading on 4/12/13.

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Below is a dividend history chart for ERH, showing historical dividends prior to the most recent $0.075 declared by Wells Fargo Advantage Utilities and High Income Fund:

ERH+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ERH is likely to continue, and whether the current estimated yield of 7.54% on annualized basis is a reasonable expectation of annual yield going forward.

In Wednesday trading, Wells Fargo Advantage Utilities and High Income Fund shares are currently trading flat on the day.

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