|Bid||26.01 x 800|
|Ask||26.03 x 1100|
|Day's Range||25.96 - 26.03|
|52 Week Range||17.28 - 27.15|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||28.04|
|Forward Dividend & Yield||1.41 (5.40%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||N/A|
Former FDIC Chair Sheila Bair says regulators are allowing banks to artificially boost their capital ratios, arguing that the Fed should suspend dividends instead.
The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of the August 3, 2020, distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website.
Effective Aug. 6, 2020, Senior Portfolio Manager Niklas Nordenfelt and Portfolio Manager Philip Susser are no longer portfolio managers of the Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD). In addition, effective Aug. 6, 2020, Mike Schueller, Chartered Financial Analyst (CFA), and Chris Lee, CFA, will be added as portfolio managers of the above-mentioned funds and will manage each fund’s high-yield bond investments or investment sleeve. There are no changes to the investment philosophy or process of any of these funds as a result of this transition.