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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Wednesday, August 14th, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.0659 per share on Tuesday, October 1st. This represents a $0.79 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend is Friday, September 13th.

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

Allspring Multi-Sector Income Fund Stock Performance

Shares of NYSEAMERICAN:ERC opened at $9.35 on Thursday. Allspring Multi-Sector Income Fund has a 52 week low of $8.51 and a 52 week 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.