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Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund

AMEX:EAD
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EAD
AMEX
$543M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The last earnings update was 75 days ago. More info.


Add to Portfolio Compare Print
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
EAD Share Price and Events
7 Day Returns
0.9%
AMEX:EAD
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
-2.5%
AMEX:EAD
-11.9%
US Capital Markets
3%
US Market
EAD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund (EAD) 0.9% 1% 12.1% -2.5% 3.8% -16.5%
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • EAD outperformed the Capital Markets industry which returned -11.9% over the past year.
  • EAD underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
EAD
Industry
5yr Volatility vs Market

EAD Value

 Is Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund.

AMEX:EAD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $9.00 * 4%
$0.36
Book Value of Equity per Share Median Book Value from the past 5 years. $9.00
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:EAD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (42.38%))
0.981
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.981 * 5.96%)
8.58%

Discounted Cash Flow Calculation for AMEX:EAD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:EAD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4% – 8.58%) * $9.00)
$-0.41
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.41 / (8.58% - 2.73%)
$-7.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.00 + $-7.09
$1.91
AMEX:EAD Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.91
Current discount Discount to share price of $7.87
= -1 x ($7.87 - $1.91) / $1.91
-311.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:EAD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.06
AMEX:EAD Share Price ** AMEX (2019-03-20) in USD $7.87
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund.

AMEX:EAD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:EAD Share Price ÷ EPS (both in USD)

= 7.87 ÷ 0.06

128.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's expected growth come at a high price?
Raw Data
AMEX:EAD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 128.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's assets?
Raw Data
AMEX:EAD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $8.80
AMEX:EAD Share Price * AMEX (2019-03-20) in USD $7.87
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
AMEX:EAD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:EAD Share Price ÷ Book Value per Share (both in USD)

= 7.87 ÷ 8.80

0.89x

* Primary Listing of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is good value based on assets compared to the US Capital Markets industry average.
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Value checks
We assess Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EAD Future Performance

 How is Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund expected to grow at an attractive rate?
  • Unable to compare Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:EAD Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:EAD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:EAD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 51 67 4
2018-07-31 52 64 15
2018-04-30 53 62 25
2018-01-31 54 59 48
2017-10-31 56 56 70
2017-07-31 58 58 90
2017-04-30 60 61 109
2017-01-31 61 61 89
2016-10-31 61 62 68
2016-07-31 61 60 21
2016-04-30 62 58 -27
2016-01-31 61 58 -19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:EAD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EAD Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.06
2018-07-31 0.22
2018-04-30 0.37
2018-01-31 0.69
2017-10-31 1.01
2017-07-31 1.28
2017-04-30 1.55
2017-01-31 1.26
2016-10-31 0.96
2016-07-31 0.29
2016-04-30 -0.38
2016-01-31 -0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EAD Past Performance

  How has Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:EAD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 51.40 4.13 5.67
2018-07-31 52.09 14.68 5.71
2018-04-30 52.78 25.23 5.75
2018-01-31 54.40 47.85 5.58
2017-10-31 56.03 70.47 5.42
2017-07-31 58.02 89.97 5.12
2017-04-30 60.01 109.46 4.83
2017-01-31 60.55 88.86 4.64
2016-10-31 61.08 68.27 4.46
2016-07-31 61.30 20.73 4.52
2016-04-30 61.51 -26.81 4.59
2016-01-31 61.40 -19.33 4.81
2015-10-31 61.29 -11.85 5.04
2015-07-31 61.42 12.73 5.52
2015-04-30 61.56 37.31 5.99
2015-01-31 62.54 51.08 6.33
2014-10-31 63.53 64.85 6.67
2014-07-31 64.53 56.42 6.65
2014-04-30 65.52 47.98 6.63
2014-01-31 66.52 50.07 6.70
2013-10-31 67.52 52.15 6.78
2013-07-31 68.62 76.63 6.79
2013-04-30 69.72 101.11 6.80
2013-01-31 71.03 100.30 6.68
2012-10-31 72.33 99.50 6.55
2012-07-31 73.16 70.32 6.50
2012-04-30 73.98 41.14 6.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EAD Health

 How is Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund Company Filings, last reported 4 months ago.

AMEX:EAD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 593.06 230.00 0.21
2018-07-31 593.06 230.00 0.21
2018-04-30 620.86 230.00 0.00
2018-01-31 620.86 230.00 0.00
2017-10-31 656.05 230.00
2017-07-31 656.05 230.00
2017-04-30 656.52 230.00
2017-01-31 656.52 230.00
2016-10-31 644.71 230.00 3.37
2016-07-31 644.71 230.00 3.37
2016-04-30 607.44 230.19 0.30
2016-01-31 607.44 230.19 0.30
2015-10-31 635.00 230.15
2015-07-31 635.00 230.15
2015-04-30 692.17 229.98
2015-01-31 692.17 229.98
2014-10-31 704.77 230.22
2014-07-31 704.77 230.22
2014-04-30 712.78 230.20 6.67
2014-01-31 712.78 230.20 6.67
2013-10-31 697.84 230.21 5.22
2013-07-31 697.84 230.21 5.22
2013-04-30 722.56 230.21
2013-01-31 722.56 230.21
2012-10-31 704.87 230.21
2012-07-31 704.87 230.21
2012-04-30 683.81 230.05
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's level of debt (38.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33% vs 38.8% today).
  • Debt is well covered by operating cash flow (28.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.5x coverage).
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Financial health checks
We assess Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EAD Dividends

 What is Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.56%
Current annual income from Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund dividends.
If you bought $2,000 of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund shares you are expected to receive $171 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:EAD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:EAD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.674 8.601
2019-01-25 0.666 8.630
2018-12-28 0.663 8.818
2018-11-09 0.659 8.865
2018-10-26 0.655 8.537
2018-09-28 0.650 8.353
2018-08-15 0.624 7.774
2018-07-27 0.624 7.835
2018-06-29 0.624 7.855
2018-05-23 0.624 7.768
2018-04-27 0.624 7.718
2018-03-29 0.624 7.761
2018-02-28 0.624 7.707
2018-01-26 0.677 8.276
2017-11-10 0.677 8.051
2017-09-29 0.677 7.857
2017-08-16 0.677 7.886
2017-07-28 0.718 8.282
2017-06-30 0.718 8.373
2017-05-17 0.718 8.361
2017-04-28 0.718 8.319
2017-03-31 0.718 8.455
2017-03-02 0.718 8.568
2017-01-27 0.816 9.558
2016-12-30 0.816 9.629
2016-11-16 0.816 9.965
2016-10-31 0.816 10.290
2016-09-30 0.816 9.863
2016-08-11 0.816 9.803
2016-08-01 0.816 9.882
2016-06-24 0.816 10.074
2016-05-25 0.816 10.341
2016-04-29 0.816 10.571
2016-03-24 0.816 10.764
2016-02-18 0.816 11.239
2016-01-29 0.816 11.803
2016-01-05 0.816 11.482
2015-11-19 0.816 11.018
2015-10-30 0.816 10.587
2015-09-25 0.816 10.562
2015-08-12 0.816 10.491
2015-07-31 0.816 10.101
2015-06-26 0.816 9.874
2015-05-20 0.816 9.448
2015-04-24 0.816 9.211
2015-03-27 0.816 9.160
2015-02-20 0.816 9.118
2015-01-30 0.816 9.246
2014-12-26 0.816 9.305
2014-11-07 0.816 9.237
2014-11-03 0.816 8.971
2014-09-26 0.816 9.037
2014-08-13 0.816 8.852
2014-07-25 0.816 8.858
2014-06-27 0.816 8.613
2014-05-16 0.816 8.562
2014-04-25 0.816 8.555
2014-03-28 0.816 8.620
2014-02-21 0.816 8.661
2014-01-31 0.816 8.789
2014-01-03 0.816 8.920
2013-11-21 0.816 8.983
2013-10-25 0.816 8.980
2013-09-27 0.816 9.116
2013-08-15 0.816 9.225
2013-07-26 0.816 9.071
2013-06-28 0.816 8.940
2013-05-22 0.816 8.466
2013-04-26 0.816 7.975
2013-03-28 0.816 8.005
2013-02-22 0.816 8.101
2013-01-25 0.924 8.813
2012-12-28 0.924 8.962
2012-11-07 0.924 9.101
2012-10-26 0.924 8.740
2012-09-28 0.924 8.756
2012-08-15 0.924 8.697
2012-07-27 0.924 8.623
2012-06-22 0.924 9.095
2012-05-16 0.924 9.634
2012-04-20 1.020 9.902
2012-03-16 1.020 9.973
2012-02-09 1.020 9.731
2012-01-20 1.020 9.570
2011-12-16 1.020 10.028
2011-11-18 1.020 10.499
2011-10-21 1.020 10.414
2011-09-16 1.020 10.866
2011-08-17 1.020 10.714
2011-07-22 1.020 10.571
2011-06-17 1.020 9.995
2011-05-18 1.020 9.786
2011-04-25 1.020 9.689
2011-03-18 1.020 9.967
2011-02-14 1.020 10.142
2011-01-21 1.020 10.276
2010-12-17 1.020 10.577
2010-11-19 1.020 10.467
2010-10-15 1.020 9.991
2010-09-17 1.020 9.959
2010-08-20 1.020 10.398
2010-07-16 1.020 10.446
2010-06-10 1.020 10.835
2010-05-21 1.020 11.383
2010-04-16 1.020 10.923
2010-03-11 1.020 10.566
2010-02-19 1.115 11.588
2010-01-15 1.115 11.766
2009-12-11 1.115 11.478
2009-11-20 1.115 12.024
2009-10-16 1.115 12.242
2009-09-24 1.115 12.073
2009-08-21 1.115 12.528
2009-07-20 1.115 12.882
2009-06-11 1.115 13.749
2009-05-15 1.313 16.197
2009-04-17 1.313 17.842
2009-03-23 1.313 20.034

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EAD Management

 What is the CEO of Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund management team in years:

9.2
Average Tenure
51
Average Age
  • The average tenure for the Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Debra Early

TITLE
Senior VP and Head of Risk & Compliance
AGE
54
TENURE
9.2 yrs

Bob Calhoun

TITLE
Senior Vice President

Clark Messman

TITLE
Senior Vice President
AGE
58
TENURE
9.2 yrs

Jeremy DePalma

TITLE
Treasurer
AGE
44
TENURE
7.2 yrs

Gary Pzegeo

TITLE
Managing Director and Interim Head of High Yield Bond Team

Andrew Cestone

TITLE
Portfolio Manager
AGE
48

Phil Susser

TITLE
Portfolio Manager

Niklas Nordenfelt

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund board of directors in years:

9.2
Average Tenure
68.5
Average Age
  • The tenure for the Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund board of directors is about average.
Board of Directors

Peter Gordon

TITLE
Chairman
COMPENSATION
$2K
AGE
76
TENURE
9.2 yrs

Michael Scofield

TITLE
Non-Interested Trustee
COMPENSATION
$2K
AGE
75
TENURE
15.2 yrs

Leroy Keith

TITLE
Non-Interested Trustee
COMPENSATION
$2K
AGE
79
TENURE
15.2 yrs

Ike Harris

TITLE
COMPENSATION
$2K
AGE
66
TENURE
9.2 yrs

David Larcker

TITLE
COMPENSATION
$2K
AGE
68
TENURE
9.2 yrs

Olivia Mitchell

TITLE
COMPENSATION
$2K
AGE
65
TENURE
9.2 yrs

Judith Johnson

TITLE
COMPENSATION
$2K
AGE
69
TENURE
9.2 yrs

Donald Willeke

TITLE
COMPENSATION
$2K
AGE
78
TENURE
9.2 yrs

Tim Penny

TITLE
COMPENSATION
$2K
AGE
67
TENURE
9.2 yrs

William Ebsworth

TITLE
Director
AGE
61
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EAD News

Simply Wall St News

EAD Company Info

Description

Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group. The fund benchmarks the performance of its portfolio against Merrill Lynch High Yield Index. It was formerly known as Wells Fargo Advantage Funds - Wells Fargo Advantage Income Opportunities Fund. Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund was formed on February 26, 2003 and is domiciled in the United States.

Details
Name: Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund
EAD
Exchange: AMEX
Founded: 2003
$542,650,784
68,951,815
Website: http://
Address: Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund
525 Market Street,
10th Floor,
San Francisco,
California, 94105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX EAD Common Shares NYSE MKT LLC US USD 26. Feb 2003
Number of employees
Current staff
Staff numbers
0
Wells Fargo Advantage Funds - Wells Fargo Income Opportunities Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:52
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/01/04
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.