Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) to Issue Monthly Dividend of $0.07

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, October 25th, NASDAQ reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.0662 per share on Monday, December 2nd. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

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

Allspring Multi-Sector Income Fund Price Performance

Shares of ERC stock traded up $0.02 during trading on Friday, reaching $9.17. The company had a trading volume of 118,062 shares, compared to its average volume of 83,257. Allspring Multi-Sector Income Fund has a one year low of $8.52 and a one year high of $9.60.

About Allspring Multi-Sector Income Fund

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.