Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Increases Dividend to $0.07 Per Share

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Thursday, December 12th will be paid a dividend of 0.0728 per share on Thursday, January 2nd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund has raised its dividend by an average of 8.2% per year over the last three years.

Allspring Multi-Sector Income Fund Price Performance

ERC stock traded down $0.03 during mid-day trading on Thursday, hitting $8.94. 211,341 shares of the company were exchanged, compared to its average volume of 86,054. Allspring Multi-Sector Income Fund has a twelve month low of $8.77 and a twelve month high of $9.60.

Allspring Multi-Sector Income Fund Company Profile

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.