Reminder - Wells Fargo Advantage Multi-Sector Income Fund (ERC) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/13/13, Wells Fargo Advantage Multi-Sector Income Fund (ERC) will trade ex-dividend, for its monthly dividend of $0.10, payable on 7/1/13. As a percentage of ERC's recent stock price of $15.06, this dividend works out to approximately 0.66%, so look for shares of Wells Fargo Advantage Multi-Sector Income Fund to trade 0.66% lower — all else being equal — when ERC shares open for trading on 6/13/13.

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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 7.97% 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:

Wells Fargo Advantage Multi-Sector Income Fund 200 Day Moving Average Chart

Looking at the chart above, ERC's low point in its 52 week range is $14.77 per share, with $16.89 as the 52 week high point — that compares with a last trade of $15.00.

In Tuesday trading, Wells Fargo Advantage Multi-Sector Income Fund shares are currently down about 0.3% on the day.

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