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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Wednesday, November 13th,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 annualized dividend and a dividend yield of 9.56%. 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 increased its dividend payment by an average of 8.2% annually over the last three years.

Allspring Multi-Sector Income Fund Price Performance

ERC opened at $9.14 on Tuesday. Allspring Multi-Sector Income Fund has a 1-year low of $8.77 and a 1-year 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.