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

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Friday, March 28th, NASDAQ Dividends reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.0726 per share on Thursday, May 1st. This represents a $0.87 annualized dividend and a dividend yield of 9.42%. The ex-dividend date is Friday, April 11th.

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

Allspring Multi-Sector Income Fund Price Performance

NYSEAMERICAN ERC remained flat at $9.25 during trading on Friday. The company’s stock had a trading volume of 49,684 shares, compared to its average volume of 103,281. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.77 and a fifty-two week high of $9.58. The firm’s 50-day moving average price is $9.23.

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.