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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given 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 is Thursday, December 12th. This is an increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

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

Allspring Multi-Sector Income Fund Price Performance

ERC traded down $0.03 on Thursday, reaching $8.94. 211,341 shares of the company’s stock 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.

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.