Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH) announced a monthly dividend on Friday, March 30th, Wall Street Journal reports. Shareholders of record on Monday, April 16th will be given a dividend of 0.075 per share on Tuesday, May 1st. This represents a $0.90 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend is Friday, April 13th.
NYSEAMERICAN:ERH opened at $12.19 on Friday. Wells Fargo Utilities and High Incm Fund has a twelve month low of $9.51 and a twelve month high of $13.59.
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Wells Fargo Utilities and High Income Fund (the Fund), formerly Wells Fargo Advantage Utilities and High Income Fund, is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income.
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