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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Friday, October 25th, NASDAQ reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.0662 per share on Monday, December 2nd. This represents a $0.79 dividend on an annualized basis and a yield of 8.66%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost 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 Stock Up 0.2 %

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