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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.0728 per share on Monday, March 3rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date is Thursday, February 13th.

Allspring Multi-Sector Income Fund has decreased its dividend payment by an average of 0.2% annually over the last three years.

Allspring Multi-Sector Income Fund Price Performance

Shares of Allspring Multi-Sector Income Fund stock opened at $9.38 on Wednesday. Allspring Multi-Sector Income Fund has a 12-month low of $8.77 and a 12-month 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.