Cash Dividend On The Way From Wells Fargo Advantage Multi-Sector Income Fund (ERC)

Looking at the universe of stocks we cover at Dividend Channel, on 4/12/13, Wells Fargo Advantage Multi-Sector Income Fund ( ERC) ERC will trade ex-dividend, for its monthly dividend of $0.10, payable on 5/1/13. As a percentage of ERC's recent stock price of $16.37, this dividend works out to approximately 0.61%, so look for shares of Wells Fargo Advantage Multi-Sector Income Fund to trade 0.61% lower — all else being equal — when ERC shares open for trading on 4/12/13.

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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:

ERC+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 ERC is likely to continue, and whether the current estimated yield of 7.33% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, ERC makes up 1.02% of the CEF Income Composite Portfolio ETF ( PCEF) PCEF which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Wells Fargo Advantage Multi-Sector Income Fund shares are currently down about 0.1% on the day.
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